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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 2025-05-08 View latest technical analysis

10 day averaged volume of Pennar Industries is 449564

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu May 2025	176.58	176.01	181.90	175.00	0.69 times
07 Wed May 2025	177.78	173.00	179.00	171.19	0.829 times
06 Tue May 2025	174.15	183.05	184.86	173.15	1.08 times
05 Mon May 2025	183.60	182.00	185.50	180.83	0.596 times
02 Fri May 2025	182.20	181.78	187.71	181.05	0.559 times
30 Wed Apr 2025	183.78	185.00	185.50	182.20	0.631 times
29 Tue Apr 2025	185.95	191.00	192.71	185.22	0.894 times
28 Mon Apr 2025	191.39	191.00	193.60	186.69	0.761 times
25 Fri Apr 2025	189.37	199.99	199.99	187.90	1.844 times
24 Thu Apr 2025	198.07	198.50	201.91	196.05	0.92 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 176.9, but if it comes above 176.9, then a intra day buy could be more profitable.
If you take a sell trade below 176.9, then use 176.9 as stoploss and 167.4 as target. However if you take a buy trade in stock , then use 176.9 as stoploss and 184.76 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	148.81
Downside Target	171.19
Upside Target	178.62
Upside Target	185.99
Upside Target	187.71
Upside Target	191.32
Upside Target	193.60
Upside Target	194.00
Upside Target	201.91
Upside Target	205.20

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	170.01
Downside Intraday Target	163.45
Upside Intraday Target	184.32
Upside Intraday Target	192.07
Upside Intraday Target	177.76

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu May 2025	176.58	182.00	185.50	171.19	1.123 times
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

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
08 Thu May 2025	176.58	181.78	187.71	171.19	0.152 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 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 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 Strong 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 weakening, and bulls are picking up momentum!

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 buy signal for Pennar Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Pennar Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 184.9 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.