Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(PENIND) Pennar Industries complete technical analysis [charts+indicators] | Buy/Sell Pennar Industries | (PENIND) share price targets

Complete technical analysis of Pennar Industries (PENIND) by charts plus indicators, forecast predictions and share price targets for Pennar Industries (PENIND)

Pennar Industries trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2025-01-16 View latest technical analysis

10 day averaged volume of Pennar Industries is 582992

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	180.32	179.60	183.00	179.20	0.518 times
15 Wed Jan 2025	177.52	179.50	180.12	172.72	1.076 times
14 Tue Jan 2025	176.83	172.59	179.83	172.59	0.947 times
13 Mon Jan 2025	171.58	175.97	178.69	170.51	1.255 times
10 Fri Jan 2025	176.29	185.35	186.75	175.20	1.774 times
09 Thu Jan 2025	188.00	190.52	191.00	186.70	0.562 times
08 Wed Jan 2025	190.07	191.95	194.82	188.49	0.876 times
07 Tue Jan 2025	190.83	192.99	194.00	190.10	0.841 times
06 Mon Jan 2025	192.85	196.00	197.00	188.00	1.276 times
03 Fri Jan 2025	196.66	201.80	201.80	195.95	0.75 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 181.3, but if it comes above 181.3, then a intra day buy could be more profitable.
If you take a sell trade below 181.3, then use 181.3 as stoploss and 170.3 as target. However if you take a buy trade in stock , then use 181.3 as stoploss and 190.47 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	166.66
Downside Target	175.20
Upside Target	183.00
Upside Target	197.00
Upside Target	203.44
Upside Target	205.20
Upside Target	213.65
Upside Target	215.00
Upside Target	217.06
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	172.89
Downside Intraday Target	165.45
Upside Intraday Target	185.38
Upside Intraday Target	190.43
Downside Intraday Target	177.94

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	180.32	175.97	183.00	170.51	0.712 times
10 Fri Jan 2025	176.29	196.00	197.00	175.20	1.154 times
03 Fri Jan 2025	196.66	200.00	205.20	190.11	0.906 times
27 Fri Dec 2024	198.64	198.65	203.44	187.12	0.795 times
20 Fri Dec 2024	191.69	215.61	217.06	190.15	0.737 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Pennar Industries (PENIND)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	180.32	196.60	205.20	170.51	0.321 times
31 Tue Dec 2024	193.49	209.00	227.70	187.12	0.966 times
29 Fri Nov 2024	208.67	198.80	213.65	167.70	0.528 times
31 Thu Oct 2024	194.60	174.80	215.00	166.66	2.051 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Pennar Industries (PENIND)

Price action analysis of Pennar Industries ( (PENIND) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Pennar Industries ( (PENIND) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Industries in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Pennar Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 182.9 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Pennar Industries (PENIND) stock. Volume based technical analysis of Pennar Industries (PENIND) stock is negative.

Pennar Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.