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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 2025-05-02 View latest technical analysis

10 day averaged volume of Pennar Industries is 506810

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri May 2025	182.20	181.78	187.71	181.05	0.496 times
30 Wed Apr 2025	183.78	185.00	185.50	182.20	0.56 times
29 Tue Apr 2025	185.95	191.00	192.71	185.22	0.793 times
28 Mon Apr 2025	191.39	191.00	193.60	186.69	0.675 times
25 Fri Apr 2025	189.37	199.99	199.99	187.90	1.636 times
24 Thu Apr 2025	198.07	198.50	201.91	196.05	0.816 times
23 Wed Apr 2025	198.38	198.80	199.62	191.69	1.673 times
22 Tue Apr 2025	197.10	192.69	198.50	189.43	1.413 times
21 Mon Apr 2025	191.49	186.80	192.56	185.99	0.833 times
17 Thu Apr 2025	185.88	187.11	190.15	183.10	0.835 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 179.6 as stoploss in an intra day buy trade for a target of 186.79. However, stock will show a bearish move below 179.6.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	148.81
Downside Target	178.62
Upside Target	187.71
Upside Target	191.32
Upside Target	193.60
Upside Target	194.00
Upside Target	195.79
Upside Target	201.91
Upside Target	205.20

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	177.63
Downside Intraday Target	173.07
Upside Intraday Target	190.18
Upside Intraday Target	198.17
Upside Intraday Target	185.62

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri May 2025	182.20	191.00	193.60	181.05	0.396 times
25 Fri Apr 2025	189.37	186.80	201.91	185.99	2.615 times
17 Thu Apr 2025	185.88	184.98	191.32	182.21	0.41 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

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
02 Fri May 2025	182.20	181.78	187.71	181.05	0.023 times
30 Wed Apr 2025	183.78	187.80	201.91	148.81	0.883 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

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 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 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 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.

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 green color and prices are in or below the green 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 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 191.83 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 positive

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