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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 2025-06-24 View latest technical analysis

10 day averaged volume of Pennar Industries is 605509

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Jun 2025	234.13	227.56	236.24	222.28	1.664 times
23 Mon Jun 2025	222.56	220.90	224.50	218.85	0.613 times
20 Fri Jun 2025	220.67	219.25	224.30	218.61	0.857 times
19 Thu Jun 2025	218.76	231.05	233.95	217.42	1.406 times
18 Wed Jun 2025	229.96	231.15	235.45	229.19	0.519 times
17 Tue Jun 2025	232.65	237.70	240.90	231.66	0.669 times
16 Mon Jun 2025	236.33	236.85	239.95	228.97	1.094 times
13 Fri Jun 2025	236.85	231.00	241.03	230.10	1.642 times
12 Thu Jun 2025	237.27	243.00	244.90	236.14	1.053 times
11 Wed Jun 2025	242.52	246.93	252.19	241.50	0.808 times

My analysis of stock is bearish for shortterm, and stock might move down till 223.7 or till 211.1. Use a stoploss of 234.27 and if the stock hits stoploss, then it can shoot up till 244.8

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	148.81
Downside Target	168.10
Downside Target	178.62
Downside Target	194.00
Downside Target	201.91
Downside Target	217.42
Downside Target	229.60
Downside Target	230.10
Upside Target	236.24
Upside Target	240.90
Upside Target	254.30
Upside Target	257.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	223.24
Downside Intraday Target	212.35
Upside Intraday Target	240.63
Upside Intraday Target	247.13
Downside Intraday Target	229.74

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Jun 2025	234.13	220.90	236.24	218.85	0.501 times
20 Fri Jun 2025	220.67	236.85	240.90	217.42	0.776 times
13 Fri Jun 2025	236.85	246.91	254.30	230.10	0.201 times
06 Fri Jun 2025	246.92	219.80	257.70	217.71	3.815 times
30 Fri May 2025	212.66	213.90	229.60	205.65	1.041 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
24 Tue Jun 2025	234.13	219.80	257.70	217.42	1.848 times
30 Fri May 2025	212.66	181.78	229.60	168.10	1.232 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 BUY. 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 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Pennar Industries in short term but BUY signal is weak.

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

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 231.57 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 positive

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