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(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 2025-01-21 View latest technical analysis

10 day averaged volume of Pennar Industries is 519118

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	173.28	177.39	180.80	172.08	0.893 times
20 Mon Jan 2025	176.86	179.00	179.84	176.24	0.679 times
17 Fri Jan 2025	178.53	178.60	181.00	177.51	0.507 times
16 Thu Jan 2025	180.32	179.60	183.00	179.20	0.581 times
15 Wed Jan 2025	177.52	179.50	180.12	172.72	1.209 times
14 Tue Jan 2025	176.83	172.59	179.83	172.59	1.064 times
13 Mon Jan 2025	171.58	175.97	178.69	170.51	1.41 times
10 Fri Jan 2025	176.29	185.35	186.75	175.20	1.992 times
09 Thu Jan 2025	188.00	190.52	191.00	186.70	0.631 times
08 Wed Jan 2025	190.07	191.95	194.82	188.49	0.984 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 177.8, but if it comes above 177.8, then a intra day buy could be more profitable.
If you take a sell trade below 177.8, then use 177.8 as stoploss and 165.8 as target. However if you take a buy trade in stock , then use 177.8 as stoploss and 187.69 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	166.66
Upside Target	180.80
Upside Target	190.11
Upside Target	197.00
Upside Target	203.44
Upside Target	205.20
Upside Target	213.65
Upside Target	215.00
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	169.97
Downside Intraday Target	166.67
Upside Intraday Target	178.69
Upside Intraday Target	184.11
Upside Intraday Target	175.39

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	173.28	179.00	180.80	172.08	0.329 times
17 Fri Jan 2025	178.53	175.97	183.00	170.51	0.797 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

Price has moved down 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
21 Tue Jan 2025	173.28	196.60	205.20	170.51	0.37 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining momentum.

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

Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Pennar Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 178.05 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.