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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 3441911

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue Nov 2023	124.60	123.30	126.20	122.40	0.35 times
24 Fri Nov 2023	122.80	125.50	127.50	121.70	0.371 times
23 Thu Nov 2023	125.45	129.90	129.90	124.25	0.516 times
22 Wed Nov 2023	129.05	128.00	131.90	128.00	1.489 times
21 Tue Nov 2023	127.60	123.00	128.50	120.15	2.419 times
20 Mon Nov 2023	121.40	113.85	122.40	112.35	1.829 times
17 Fri Nov 2023	113.00	114.20	116.90	112.00	1.05 times
16 Thu Nov 2023	114.15	104.50	114.95	102.25	1.908 times
15 Wed Nov 2023	102.95	106.30	106.55	102.10	0.238 times
13 Mon Nov 2023	103.30	103.80	104.30	102.25	0.129 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 121, but if it comes below 121, then a intra day sell could be more profitable.
If you take a sell trade below 121, then use 121 as stoploss and 111.32 as target. However if you take a buy trade in stock , then use 121 as stoploss and 132.7 as target.

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	76.60
Downside Target	90.90
Downside Target	94.10
Downside Target	100.00
Downside Target	106.55
Downside Target	109.10
Downside Target	112.35
Downside Target	116.90
Downside Target	119.95
Downside Target	122.40
Downside Target	123.90
Upside Target	126.20
Upside Target	131.90

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	122.6
Downside Intraday Target	120.6
Upside Intraday Target	126.4
Upside Intraday Target	128.2
Downside Intraday Target	124.4

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue Nov 2023	124.60	123.30	126.20	122.40	0.053 times
24 Fri Nov 2023	122.80	113.85	131.90	112.35	1.962 times
17 Fri Nov 2023	113.00	103.45	116.90	102.10	3.113 times
10 Fri Nov 2023	102.45	106.00	109.10	100.85	1.045 times
03 Fri Nov 2023	104.90	104.95	106.55	100.00	0.439 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
28 Tue Nov 2023	124.60	101.85	131.90	100.85	1.266 times
31 Tue Oct 2023	101.55	111.60	123.90	94.10	1.43 times
29 Fri Sep 2023	111.85	118.15	118.60	100.75	0.349 times
31 Thu Aug 2023	118.30	83.05	119.95	77.55	2.182 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.

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 tired and bears are picking up momentum.

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 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 121.47 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.