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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 2025-02-19 View latest technical analysis

10 day averaged volume of Pennar Industries is 1075339

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Feb 2025	165.09	155.25	166.82	155.25	0.816 times
18 Tue Feb 2025	157.58	163.50	166.65	152.96	1.337 times
17 Mon Feb 2025	168.05	142.80	169.50	141.57	4.716 times
14 Fri Feb 2025	144.06	151.06	151.30	140.45	0.619 times
13 Thu Feb 2025	151.06	149.05	154.43	149.05	0.351 times
12 Wed Feb 2025	149.17	146.00	154.90	135.65	1.16 times
11 Tue Feb 2025	147.17	158.47	158.55	145.99	0.494 times
10 Mon Feb 2025	156.51	160.00	160.00	153.87	0.235 times
07 Fri Feb 2025	160.87	167.32	167.39	160.00	0.387 times
06 Thu Feb 2025	167.32	162.19	168.93	162.19	0.414 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 166.3 as stoploss in an intra day sell trade for a target of 159.03. However, stock will show a bullish move above 166.3.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	141.57
Downside Target	150.76
Downside Target	160.00
Upside Target	165.65
Upside Target	169.50
Upside Target	180.80
Upside Target	187.12
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	147.94
Downside Intraday Target	130.79
Upside Intraday Target	175.87
Upside Intraday Target	186.65
Downside Intraday Target	158.72

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Feb 2025	165.09	142.80	169.50	141.57	2.402 times
14 Fri Feb 2025	144.06	160.00	160.00	135.65	1.506 times
07 Fri Feb 2025	160.87	158.02	168.93	151.58	0.75 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Industries (PENIND)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Wed Feb 2025	165.09	158.02	169.50	135.65	1.039 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 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 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 Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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 160.9 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 rising upwards.

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 is giving positive 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.