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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.

10 day averaged volume of Pennar Industries is 474634

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Feb 2025	162.18	158.80	164.27	158.79	0.649 times
04 Tue Feb 2025	158.57	156.50	161.31	154.50	0.779 times
03 Mon Feb 2025	152.91	158.02	161.17	151.58	1.06 times
31 Fri Jan 2025	164.59	161.54	165.95	159.41	0.777 times
30 Thu Jan 2025	159.71	160.56	164.80	159.25	0.611 times
29 Wed Jan 2025	162.33	157.00	164.40	155.99	1.054 times
28 Tue Jan 2025	155.84	159.95	162.29	150.76	1.878 times
27 Mon Jan 2025	158.57	164.00	166.49	157.01	1.417 times
24 Fri Jan 2025	167.45	173.60	173.60	165.65	0.576 times
23 Thu Jan 2025	171.51	170.00	176.51	169.95	0.844 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 159.9 as stoploss in an intra day buy trade for a target of 169.11. However, stock will show a bearish move below 159.9.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	150.76
Upside Target	164.27
Upside Target	175.20
Upside Target	180.80
Upside Target	183.00
Upside Target	187.12
Upside Target	197.00
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	154.42
Downside Intraday Target	146.65
Upside Intraday Target	167.11
Upside Intraday Target	172.03
Downside Intraday Target	159.34

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Feb 2025	162.18	158.02	164.27	151.58	0.434 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
17 Fri Jan 2025	178.53	175.97	183.00	170.51	0.797 times
10 Fri Jan 2025	176.29	196.00	197.00	175.20	1.154 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
05 Wed Feb 2025	162.18	158.02	164.27	151.58	0.098 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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Pennar Industries in short term and the sell signal is strong.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 160.29 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 negative.

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