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Pennar Industries (PENIND) Technical (Analysis) Reports Pennar Industries ["Technical Analysis"] Reports -NSE Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Pennar Industries (PENIND)
Technical Analysis Report for NSE stock PENIND Pennar Industries. Dated: 23 Mar 2026 Updated Daily. Stock trades under Iron & Steel in NSE stock exchange
If you are looking for Tomorrow's Movement Predictions for NSE stock PENIND Pennar Industries then click here. or read Experts views on Pennar Industries or Forecast & share price targets of Pennar Industries
Pennar Industries Opened at 140.00 and Closed at: 134.14, which is -6.51% of previous session's close. It moved within a range of 132.70 and 140.00
The session was a Bearish session with an average volume of 966894, which is 16.15% of previous session's volumes.
- The stock has fallen, and its short term trend is also negative and in a downtrend.
- The stock has fallen, and its mid term trend is also negative and in a downtrend.
- The stock has fallen, and its long term trend is also negative and in a downtrend.
Support for tomorrow is 129.77 and resistance for tomorrow is 137.07
These support and resistance points are valid for the first 5-15 minutes charts
Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.
Support for tomorrow's hourly charts is 131.23, 128.31 resistance for tomorrow's hourly charts is 138.53, 142.91
10 Day SMA for Pennar Industries (PENIND) is 142.24 and stock is trading below these levels. This is not a good sign for its short term trend
20 Day SMA for Pennar Industries (PENIND) is 143.07 and the stock is trading below these levels. This is not a good sign for its mid term trend
50 Day SMA for Pennar Industries (PENIND) is 160.14 and the stock is trading below these levels. This is not a good sign for its mid to long term trend
100 Day SMA is 188.97 and the stock is trading below these levels. This is not a good sign for its long term trend
200 Day SMA Pennar Industries is 214.17 and stock is trading below these levels. This is not a good sign for its long term trend
20 DMA of Pennar Industries is at 143.07 and 200 DMA is at 214.17, while 50 DMA and 100 DMA are at 160.14 and 188.97 respectively
Pennar Industries (PENIND) moving average of 20 SMA is at 143.07 and 20 EMA is at 145.66
| Date | Closing Price | 20 SMA | 20 EMA |
| 23 Mon Mar | 134.14 | 143.07 | 145.66 |
| 20 Fri Mar | 142.87 | 143.83 | 146.87 |
| 19 Thu Mar | 139.53 | 144.2 | 147.29 |
| 18 Wed Mar | 143.61 | 145.15 | 148.11 |
| 17 Tue Mar | 141.56 | 145.96 | 148.58 |
| 16 Mon Mar | 140.65 | 147 | 149.32 |
Pennar Industries (PENIND) moving average of 50 SMA is at 160.14 and 50 EMA is at 160.68
| Date | Closing Price | 50 SMA | 50 EMA |
| 23 Mon Mar | 134.14 | 160.14 | 160.68 |
| 20 Fri Mar | 142.87 | 161.35 | 161.76 |
| 19 Thu Mar | 139.53 | 162.46 | 162.53 |
| 18 Wed Mar | 143.61 | 163.65 | 163.47 |
| 17 Tue Mar | 141.56 | 164.75 | 164.28 |
| 16 Mon Mar | 140.65 | 165.98 | 165.21 |
Pennar Industries (PENIND) moving average of 100 SMA is at 188.97 and 100 EMA is at 179.81
| Date | Closing Price | 100 SMA | 100 EMA |
| 23 Mon Mar | 134.14 | 188.97 | 179.81 |
| 20 Fri Mar | 142.87 | 190.17 | 180.73 |
| 19 Thu Mar | 139.53 | 191.32 | 181.49 |
| 18 Wed Mar | 143.61 | 192.48 | 182.34 |
| 17 Tue Mar | 141.56 | 193.55 | 183.12 |
| 16 Mon Mar | 140.65 | 194.55 | 183.96 |
Pennar Industries (PENIND) moving average of 200 SMA is at 214.17 and 200 EMA is at 194.37
| Date | Closing Price | 200 SMA | 200 EMA |
| 23 Mon Mar | 134.14 | 214.17 | 194.37 |
| 20 Fri Mar | 142.87 | 214.74 | 194.98 |
| 19 Thu Mar | 139.53 | 215.21 | 195.51 |
| 18 Wed Mar | 143.61 | 215.72 | 196.08 |
| 17 Tue Mar | 141.56 | 216.07 | 196.61 |
| 16 Mon Mar | 140.65 | 216.48 | 197.17 |
Pennar Industries has performed better than Visa Steel in short term. Holding Pennar Industries could be a better choice for now!
Pennar Industries has performed better than Vaswani Industries in short term. Holding Pennar Industries could be a better choice for now!
Pennar Industries has performed better than Jsw Steel in short term. Holding Pennar Industries could be a better choice for now!
Pennar Industries has performed better than Tata Steel in short term. Holding Pennar Industries could be a better choice for now!
Jindal Steel has performed better than Pennar Industries in short term. You could have earned much better returns by investing in Jindal Steel, about 0.25% more returns!
Vedanta has performed better than Pennar Industries in short term. You could have earned much better returns by investing in Vedanta, about 4.11% more returns!
Godawari Power has performed better than Pennar Industries in short term. You could have earned much better returns by investing in Godawari Power, about 2.99% more returns!
Jai Balaji has performed better than Pennar Industries in short term. You could have earned much better returns by investing in Jai Balaji, about 2.18% more returns!
Pennar Industries has performed better than Jai Corp in short term. Holding Pennar Industries could be a better choice for now!
Pennar Industries has performed better than Jindal Stainless in short term. Holding Pennar Industries could be a better choice for now!
Pennar Industries has performed better than Kamdhenu in short term. Holding Pennar Industries could be a better choice for now!
Pennar Industries has performed better than Kalyani Steels in short term. Holding Pennar Industries could be a better choice for now!
Pennar Industries has performed better than Prakash Industries in short term. Holding Pennar Industries could be a better choice for now!
Steel Authority has performed better than Pennar Industries in short term. You could have earned much better returns by investing in Steel Authority, about 0.61% more returns!
Sarda Energy has performed better than Pennar Industries in short term. You could have earned much better returns by investing in Sarda Energy, about 4.26% more returns!
Pennar Industries has performed better than Sunflag Iron in short term. Holding Pennar Industries could be a better choice for now!
Pennar Industries Technical analysis of indicators
Price action analysis of Pennar Industries (PENIND) based on a short 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 Strong and stock is gaining momentum.
MACD generated a BUY signal for Pennar Industries in short term but the buy signal is initial and weak.
Pennar Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Pennar Industries in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 142.69 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.
Tomorrow's Predictions
You should also read Tomorrow's Movement Predictions for NSE stock PENIND Pennar Industries These predictions are based on various factors, are easy to understand, and upto 75% accurate!
And PENIND Experts View which covers a lot of information including buying and selling signals
PENIND future forecast & share price targets
You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Pennar Industries or View Candle Stick Charts here
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