(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 811170
Date | Daily Closing Price | Open | High | Low | Volume |
02 Fri Jun 2023 | 69.05 | 68.85 | 69.75 | 68.50 | 0.47 times |
01 Thu Jun 2023 | 68.40 | 68.90 | 69.90 | 68.10 | 0.661 times |
31 Wed May 2023 | 68.90 | 68.80 | 69.40 | 68.40 | 0.51 times |
30 Tue May 2023 | 68.90 | 68.45 | 69.70 | 67.85 | 0.732 times |
29 Mon May 2023 | 68.20 | 68.40 | 69.50 | 67.60 | 0.618 times |
26 Fri May 2023 | 67.80 | 68.00 | 69.80 | 67.50 | 1.457 times |
25 Thu May 2023 | 67.50 | 74.15 | 74.40 | 66.45 | 3.802 times |
24 Wed May 2023 | 74.10 | 72.30 | 75.80 | 71.65 | 0.655 times |
23 Tue May 2023 | 72.35 | 72.85 | 73.85 | 71.75 | 0.442 times |
22 Mon May 2023 | 72.50 | 73.00 | 73.35 | 71.70 | 0.497 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 69.1, but if it comes above 69.1, then a intra day buy could be more profitable.
If you take a sell trade below 69.1, then use 69.1 as stoploss and 66.2 as target. However if you take a buy trade in stock , then use 69.1 as stoploss and 71.45 as target.
Share price targets for Pennar Industries (PENIND)
Target Type | Value |
Downside Target | 52.50 |
Downside Target | 66.45 |
Upside Target | 70.50 |
Upside Target | 74.70 |
Upside Target | 74.90 |
Upside Target | 75.80 |
Upside Target | 77.90 |
Upside Target | 79.80 |
Upside Target | 82.25 |
Upside Target | 86.00 |
Intraday share price targets for Pennar Industries (PENIND)
Target Type | Value |
Downside Intraday Target | 67.8 |
Downside Intraday Target | 66.55 |
Upside Intraday Target | 70.1 |
Upside Intraday Target | 71.15 |
Downside Intraday Target | 68.85 |
Weekly technical analysis of Pennar Industries (PENIND)
Date | Weekly Closing Price | Open | High | Low | Volume |
02 Fri Jun 2023 | 69.05 | 68.40 | 69.90 | 67.60 | 0.437 times |
26 Fri May 2023 | 67.80 | 73.00 | 75.80 | 66.45 | 2.362 times |
19 Fri May 2023 | 71.80 | 72.80 | 74.90 | 70.30 | 0.364 times |
12 Fri May 2023 | 72.50 | 71.15 | 77.90 | 70.50 | 2.176 times |
05 Fri May 2023 | 70.70 | 72.50 | 74.70 | 70.25 | 0.233 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 |
02 Fri Jun 2023 | 69.05 | 68.90 | 69.90 | 68.10 | 0.049 times |
31 Wed May 2023 | 68.90 | 72.50 | 77.90 | 66.45 | 0.658 times |
28 Fri Apr 2023 | 72.20 | 71.40 | 86.00 | 68.55 | 2.026 times |
31 Fri Mar 2023 | 70.75 | 72.70 | 79.80 | 66.55 | 0.315 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 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!
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 BUY signal in short term but buying is losing 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 68.81 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.
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 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Pennar Industries stock for short term is SELL. Signal strength is Weak and stock is gaining 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 weakening, and bulls are picking up momentum!
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 BUY signal in short term but buying is losing 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 68.81 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.
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