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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 437938

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon May 2025	198.80	193.61	200.00	192.53	1.287 times
16 Fri May 2025	193.61	194.05	196.80	191.42	0.915 times
15 Thu May 2025	194.11	195.45	199.10	192.00	1.161 times
14 Wed May 2025	195.42	193.24	198.00	189.31	1.303 times
13 Tue May 2025	191.63	189.78	192.30	185.45	0.742 times
12 Mon May 2025	189.15	183.85	190.00	178.00	1.665 times
09 Fri May 2025	172.52	170.00	175.69	168.10	0.934 times
08 Thu May 2025	176.58	176.01	181.90	175.00	0.708 times
07 Wed May 2025	177.78	173.00	179.00	171.19	0.851 times
06 Tue May 2025	174.15	183.05	184.86	173.15	1.109 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 196.4, but if it comes below 196.4, then a intra day sell could be more profitable.
If you take a sell trade below 196.4, then use 196.4 as stoploss and 188.25 as target. However if you take a buy trade in stock , then use 196.4 as stoploss and 206.1 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	135.65
Downside Target	148.81
Downside Target	168.10
Downside Target	178.00
Downside Target	185.50
Downside Target	192.53
Downside Target	194.00
Upside Target	199.10
Upside Target	200.00
Upside Target	201.91
Upside Target	205.20

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	194.22
Downside Intraday Target	189.64
Upside Intraday Target	201.69
Upside Intraday Target	204.58
Downside Intraday Target	197.11

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon May 2025	198.80	193.61	200.00	192.53	0.222 times
16 Fri May 2025	193.61	183.85	199.10	178.00	1.373 times
09 Fri May 2025	172.52	182.00	185.50	168.10	1.443 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

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
19 Mon May 2025	198.80	181.78	200.00	168.10	0.468 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 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 to mid 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Pennar Industries in short term and the buy 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 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 187.42 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 rising upwards.

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.