Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 459552

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	159.71	160.56	164.80	159.25	0.631 times
29 Wed Jan 2025	162.33	157.00	164.40	155.99	1.088 times
28 Tue Jan 2025	155.84	159.95	162.29	150.76	1.939 times
27 Mon Jan 2025	158.57	164.00	166.49	157.01	1.463 times
24 Fri Jan 2025	167.45	173.60	173.60	165.65	0.595 times
23 Thu Jan 2025	171.51	170.00	176.51	169.95	0.872 times
22 Wed Jan 2025	169.36	172.38	173.27	167.02	1.039 times
21 Tue Jan 2025	173.28	177.39	180.80	172.08	1.008 times
20 Mon Jan 2025	176.86	179.00	179.84	176.24	0.767 times
17 Fri Jan 2025	178.53	178.60	181.00	177.51	0.573 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 164.3, but if it comes above 164.3, then a intra day buy could be more profitable.
If you take a sell trade below 164.3, then use 164.3 as stoploss and 150.5 as target. However if you take a buy trade in stock , then use 164.3 as stoploss and 175.72 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	150.76
Upside Target	162.27
Upside Target	165.65
Upside Target	175.20
Upside Target	180.80
Upside Target	190.11
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	151.48
Downside Intraday Target	143.26
Upside Intraday Target	167.21
Upside Intraday Target	174.72
Downside Intraday Target	158.99

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	159.71	164.00	166.49	150.76	1.197 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
03 Fri Jan 2025	196.66	200.00	205.20	190.11	0.906 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
30 Thu Jan 2025	159.71	196.60	205.20	150.76	0.528 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
31 Thu Oct 2024	194.60	174.80	215.00	166.66	2.051 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 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 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.

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 coming down

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 positive zone. This is a BUY 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 165.34 and Pennar Industries (PENIND) stock is trading below this level. This means that stock is falling with high volumes. 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.