PENIND NEWS why is Pennar Industries Limited price falling or rising

PENIND NEWS reasons for why stock price of Pennar Industries Limited is falling or rising

PENIND Pennar Industries is falling or rising technical reasons

Technical analysis forecast of Pennar Industries Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Pennar Industries PENIND at this time. Stock is rising and might rise more.

It appears as if Pennar Industries PENIND gave a large move recently.

Stock of Pennar Industries (PENIND) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Pennar Industries is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Pennar Industries stays above 136.9, but if it comes below 136.9, then a intra day sell could be more profitable.
If you take a sell trade below 136.9, then use 136.9 as stoploss and 131.65 as target. However if you take a buy trade in Pennar Industries, then use 136.9 as stoploss and 143.1 as target.

PENIND Pennar Industries is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-04-19

Company Announcement Pennar Industries Limited has informed the Exchange regarding 'Certificate under Regulation 74 (5) of the Securities Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2024'. - NEWS as on 2024-04-08

Company Announcement Pennar Industries Limited has informed the Exchange about change in Management - NEWS as on 2024-04-01

Company Announcement Pennar Industries Limited has informed the Exchange regarding 'Reg 7(2) of SEBI(PIT), 2015'. - NEWS as on 2024-03-27

Company Announcement Pennar Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 - NEWS as on 2024-03-26

Company Announcement Pennar Industries Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-03-21

Company Announcement Pennar Industries Limited has informed the Exchange regarding 'Intimation on Approval received from Stock Exchanges pertaining to Reclassification of Holdings from "Promoter Group" Category to "Public" Category.'. - NEWS as on 2024-03-05

More announcements and NEWS

PENIND Pennar Industries Limited current price & indicator signals

Moving Averages for Pennar Industries Limited

  • 5Day Average: 131.57
  • 12Day Average: 132.45
  • 20Day Average: 131.53
  • 50Day Average: 133.82
  • 100Day Average: 132.55
  • 150Day Average: 124.78
  • 200Day Average: 116.92

PENIND Indicators & signals

Indicator MACD (12,26,9)

132.22, 131.68, -0.32
Indicator MACD is in positive zone

Indicator ADX (14)

1.42, 24.25, 23.57
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PENIND Pennar Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 139.60 136.90 to 142.40 0.29% 1.29 times
22 Mon Apr 2024 139.20 130.25 to 144.50 7.99% 3.64 times
19 Fri Apr 2024 128.90 120.60 to 130.00 3.7% 1.52 times
18 Thu Apr 2024 124.30 123.80 to 129.60 -1.23% 0.54 times
16 Tue Apr 2024 125.85 122.05 to 127.35 0.8% 0.89 times
15 Mon Apr 2024 124.85 113.90 to 128.75 -4.62% 0.9 times
12 Fri Apr 2024 130.90 130.45 to 134.00 -1.43% 0.39 times
10 Wed Apr 2024 132.80 132.35 to 134.65 -0.26% 0.41 times
09 Tue Apr 2024 133.15 132.40 to 137.95 -1.15% 0.53 times
08 Mon Apr 2024 134.70 134.05 to 139.40 -2.43% 0.48 times
05 Fri Apr 2024 138.05 134.55 to 139.55 0.66% 0.69 times
04 Thu Apr 2024 137.15 136.40 to 140.45 -0.44% 0.69 times

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