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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 1563100

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	218.11	219.99	222.21	217.10	0.312 times
10 Tue Dec 2024	220.64	219.98	226.50	219.00	0.62 times
09 Mon Dec 2024	218.70	223.00	224.85	217.90	0.485 times
06 Fri Dec 2024	220.79	217.00	227.70	215.10	1.169 times
05 Thu Dec 2024	217.97	225.00	227.38	216.05	0.894 times
04 Wed Dec 2024	222.67	217.75	223.70	214.16	1.009 times
03 Tue Dec 2024	217.55	220.40	221.79	215.05	0.709 times
02 Mon Dec 2024	219.17	209.00	222.45	208.67	2.219 times
29 Fri Nov 2024	208.67	203.41	213.65	200.05	1.366 times
28 Thu Nov 2024	203.41	200.51	209.80	200.49	1.078 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 218.9 as stoploss in an intra day sell trade for a target of 202.86. However, stock will show a bullish move above 218.9.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	162.27
Downside Target	173.00
Downside Target	185.00
Downside Target	194.11
Downside Target	201.33
Downside Target	208.67
Downside Target	213.65
Downside Target	215.00
Downside Target	217.10
Upside Target	226.50
Upside Target	227.70

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	214.64
Downside Intraday Target	211.17
Upside Intraday Target	224.04
Upside Intraday Target	229.97
Upside Intraday Target	220.57

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	218.11	223.00	226.50	217.10	0.236 times
06 Fri Dec 2024	220.79	209.00	227.70	208.67	1.621 times
29 Fri Nov 2024	208.67	203.59	213.65	194.11	1.156 times
22 Fri Nov 2024	202.16	179.95	203.80	173.00	0.974 times
14 Thu Nov 2024	177.23	193.50	197.00	167.70	0.782 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
11 Wed Dec 2024	218.11	209.00	227.70	208.67	0.507 times
29 Fri Nov 2024	208.67	198.80	213.65	167.70	0.528 times
31 Thu Oct 2024	194.60	174.80	215.00	166.66	2.051 times
30 Mon Sep 2024	170.22	178.00	185.00	162.27	1.023 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 BUY. Signal strength is Strong and stock is losing momentum.

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

Pennar Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Pennar Industries in short term but SELL 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

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 216.35 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.