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 for Pennar Industries Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Pennar Industries PENIND at this time. Stock is falling and might fall more.

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

Stock of Pennar Industries (PENIND) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Pennar Industries is bearish for shortterm, and stock might move down till 124.7 or till 118.4. Use a stoploss of 129.93 and if the stock hits stoploss, then it can shoot up till 135.19

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: 126.96
  • 12Day Average: 131.77
  • 20Day Average: 129.78
  • 50Day Average: 134.51
  • 100Day Average: 132.24
  • 150Day Average: 124.37
  • 200Day Average: 116.31

PENIND Indicators & signals

Indicator MACD (12,26,9)

129.37, 130.4, -0.62
Indicator MACD is in negative zone

Indicator ADX (14)

35.59, 13.87, 29.2
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
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
19 Fri Apr 2024 128.90 120.60 to 130.00 3.7% 2.16 times
18 Thu Apr 2024 124.30 123.80 to 129.60 -1.23% 0.77 times
16 Tue Apr 2024 125.85 122.05 to 127.35 0.8% 1.27 times
15 Mon Apr 2024 124.85 113.90 to 128.75 -4.62% 1.28 times
12 Fri Apr 2024 130.90 130.45 to 134.00 -1.43% 0.56 times
10 Wed Apr 2024 132.80 132.35 to 134.65 -0.26% 0.59 times
09 Tue Apr 2024 133.15 132.40 to 137.95 -1.15% 0.76 times
08 Mon Apr 2024 134.70 134.05 to 139.40 -2.43% 0.68 times
05 Fri Apr 2024 138.05 134.55 to 139.55 0.66% 0.98 times
04 Thu Apr 2024 137.15 136.40 to 140.45 -0.44% 0.98 times
03 Wed Apr 2024 137.75 132.85 to 139.45 3.73% 2.13 times
02 Tue Apr 2024 132.80 131.55 to 136.80 -0.71% 1.4 times

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