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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 2025-04-16 View latest technical analysis

10 day averaged volume of Pennar Industries is 657458

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Apr 2025	189.16	187.41	191.32	185.28	0.59 times
15 Tue Apr 2025	186.68	184.98	187.30	182.21	0.644 times
11 Fri Apr 2025	179.70	179.97	181.49	175.11	0.688 times
09 Wed Apr 2025	171.86	176.00	177.04	171.06	0.584 times
08 Tue Apr 2025	178.05	183.68	183.98	176.25	0.689 times
07 Mon Apr 2025	173.93	151.37	178.50	148.81	2.625 times
04 Fri Apr 2025	183.38	193.00	193.23	181.65	1.008 times
03 Thu Apr 2025	193.12	186.70	195.79	186.70	0.979 times
02 Wed Apr 2025	190.45	186.25	192.85	183.37	0.909 times
01 Tue Apr 2025	185.76	187.80	190.74	183.35	1.055 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 189.4 as stoploss in an intra day sell trade for a target of 183.8. However, stock will show a bullish move above 189.4.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	148.81
Downside Target	170.94
Downside Target	177.50
Upside Target	191.32
Upside Target	191.79
Upside Target	194.00
Upside Target	195.79
Upside Target	205.20
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	183.81
Downside Intraday Target	178.45
Upside Intraday Target	192.92
Upside Intraday Target	196.67
Downside Intraday Target	187.56

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Apr 2025	189.16	184.98	191.32	182.21	0.269 times
11 Fri Apr 2025	179.70	151.37	183.98	148.81	1.161 times
04 Fri Apr 2025	183.38	187.80	195.79	181.65	0.82 times
28 Fri Mar 2025	187.80	189.99	194.00	177.50	0.706 times
21 Fri Mar 2025	188.43	172.49	191.79	170.94	2.408 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 Wed Apr 2025	189.16	187.80	195.79	148.81	0.511 times
28 Fri Mar 2025	187.80	159.10	194.00	149.70	0.768 times
28 Fri Feb 2025	156.75	158.02	178.62	135.65	1.36 times
31 Fri Jan 2025	164.59	196.60	205.20	150.76	0.545 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Pennar Industries ( (PENIND) ) based on a short to mid 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 mid to longer 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.

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 SELL signal for Pennar Industries in short term but the sell 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 green color and prices are above the green 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 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 181.98 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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