Advertisement
Loading...

Pennar Industries Limited

PENIND.BO•BSE
Industrials
Industrial - Machinery
₹161.45
₹-8.85(-5.20%)
Indian Market opens in 11h 10m

Pennar Industries Limited (PENIND.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Pennar Industries Limited (BSE:PENIND.BO).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

PENIND.BO Technical Analysis Summary

Pennar Industries Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 54.21)
Trend Strength:Weak (ADX: 16.36)
Volatility:Medium (ATR: 6.73)
Support/Resistance:$163.07 – $176.66 (Bollinger Bands)

Technical conditions suggest Pennar Industries Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 54.21

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 57.62

Neutral
Mid-range signal with no clear trend.

Williams %R: -49.67

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 0.12

Neutral
Price change is minimal.

Takeaway:Pennar Industries Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 3.65

Bullish
Bullish, trend momentum is strengthening.

ADX: 16.36

Weak
Weak trend, market trading sideways.

ATR (14): 6.73

High
High volatility, wide price fluctuations.

CCI (14): -67.71

Bearish
Bearish, momentum remains under pressure.

Takeaway:Pennar Industries Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$176.66
Middle Band (SMA 20)
$169.86
Lower Band
$163.07
Current Position
Below Lower Band

Takeaway:Pennar Industries Limited trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$180.19
Middle Line (EMA 20)
$166.73
Lower Channel
$153.27
Squeeze Status
Squeeze On

Takeaway:Pennar Industries Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-904.18K
Money Flow Index42.34Neutral, balanced money flows with no clear signal.
Relative Vigor Index48.13Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:PENIND.BO shows neutral money flow, with no clear directional pressure.

Technical Trading Signals Summary
Based on the current technical analysis of Pennar Industries Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Pennar Industries Limited are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ