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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 2025-02-06 View latest technical analysis

10 day averaged volume of Pennar Industries is 457691

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	167.32	162.19	168.93	162.19	0.972 times
05 Wed Feb 2025	162.18	158.80	164.27	158.79	0.673 times
04 Tue Feb 2025	158.57	156.50	161.31	154.50	0.808 times
03 Mon Feb 2025	152.91	158.02	161.17	151.58	1.099 times
31 Fri Jan 2025	164.59	161.54	165.95	159.41	0.805 times
30 Thu Jan 2025	159.71	160.56	164.80	159.25	0.634 times
29 Wed Jan 2025	162.33	157.00	164.40	155.99	1.093 times
28 Tue Jan 2025	155.84	159.95	162.29	150.76	1.947 times
27 Mon Jan 2025	158.57	164.00	166.49	157.01	1.469 times
24 Fri Jan 2025	167.45	173.60	173.60	165.65	0.597 times

My analysis of stock is bearish for shortterm, and stock might move down till 159.9 or till 150.1. Use a stoploss of 168.08 and if the stock hits stoploss, then it can shoot up till 176.25

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	150.76
Downside Target	165.65
Upside Target	175.20
Upside Target	180.80
Upside Target	183.00
Upside Target	187.12
Upside Target	197.00
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	156.29
Downside Intraday Target	145.26
Upside Intraday Target	173.64
Upside Intraday Target	179.96
Downside Intraday Target	162.61

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	167.32	158.02	168.93	151.58	0.597 times
31 Fri Jan 2025	164.59	164.00	166.49	150.76	1.384 times
24 Fri Jan 2025	167.45	179.00	180.80	165.65	0.794 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

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
06 Thu Feb 2025	167.32	158.02	168.93	151.58	0.135 times
31 Fri Jan 2025	164.59	196.60	205.20	150.76	0.545 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY signal for Pennar Industries in short term but the buy signal is initial and weak.

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

Pennar Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Pennar Industries in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 159.99 and Pennar Industries (PENIND) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.