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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 593230

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	128.90	122.40	130.00	120.60	2.165 times
18 Thu Apr 2024	124.30	127.75	129.60	123.80	0.772 times
16 Tue Apr 2024	125.85	123.55	127.35	122.05	1.27 times
15 Mon Apr 2024	124.85	125.90	128.75	113.90	1.284 times
12 Fri Apr 2024	130.90	132.50	134.00	130.45	0.555 times
10 Wed Apr 2024	132.80	133.50	134.65	132.35	0.588 times
09 Tue Apr 2024	133.15	134.70	137.95	132.40	0.757 times
08 Mon Apr 2024	134.70	138.25	139.40	134.05	0.679 times
05 Fri Apr 2024	138.05	137.00	139.55	134.55	0.979 times
04 Thu Apr 2024	137.15	137.80	140.45	136.40	0.983 times

Stock of Pennar Industries (PENIND) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 124.5 or till 118.2. Use a stoploss of 129.78 and if the stock hits stoploss, then it can shoot up till 135.04

Share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Target	106.40
Downside Target	113.00
Downside Target	117.80
Downside Target	123.70
Downside Target	128.50
Upside Target	135.40
Upside Target	138.95
Upside Target	139.40
Upside Target	140.45
Upside Target	156.80
Upside Target	163.40

Intraday share price targets for Pennar Industries (PENIND)

Target Type	Value
Downside Intraday Target	118.53
Downside Intraday Target	108.17
Upside Intraday Target	134.63
Upside Intraday Target	140.37
Downside Intraday Target	124.27

Weekly technical analysis of Pennar Industries (PENIND)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	128.90	125.90	130.00	113.90	2.13 times
12 Fri Apr 2024	130.90	138.25	139.40	130.45	0.391 times
05 Fri Apr 2024	138.05	134.45	140.45	131.55	1.266 times
28 Thu Mar 2024	132.70	125.80	135.40	124.10	0.766 times
22 Fri Mar 2024	124.05	123.80	128.50	117.80	0.6 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Pennar Industries (PENIND)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	128.90	134.45	140.45	113.90	0.519 times
28 Thu Mar 2024	132.70	135.20	138.95	106.40	0.903 times
29 Thu Feb 2024	134.30	154.00	163.40	130.70	0.491 times
31 Wed Jan 2024	153.30	125.35	156.80	123.70	1.289 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 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 130.39 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.