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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 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.