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PENNAR INDUSTRIES LTDPENNAR INDUSTRIES LTDPENNAR INDUSTRIES LTD

PENNAR INDUSTRIES LTD

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PENIND trade ideas

20 SMA and RSI 60 StrategyDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. 20 SMA and RSI 60 Strategy. Stock is above 20 day SMA and RSI above 60. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Exit if price close below 20 SMA and RSI below 60 on Weekly Chart. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think.
NSE:PENIND
by AnsariTV
penny 1. **Rounding Bottoms** 🔵 The stock shows a series of **rounding bottoms** (marked on the chart), indicating a slow but steady shift from bearish to bullish sentiment. This pattern is like a **U-shape** 🏺, where the price slowly bottoms out and starts to rise again. The concept of **higher highs (HH)** ⬆️ rounding bottoms shows that each new bottom forms at a higher level than the previous one, reflecting growing strength in the stock. 2. **Volume Contraction** 📉 **Whenever stock forms a rounding bottom, volume contracts** 🛑. This is visible in the early stages of these rounded formations, where the volume bars shrink. Contraction often hints that **weak hands** are exiting the stock and strong hands are accumulating quietly. 3. **Volume Expansion on Breakout** 📈 As soon as the stock moves up**, you can see the **volume build** as well. This signals a breakout from the rounding bottom pattern as **new buyers** rush in with increasing enthusiasm 🔥. 4. **Multiple Rounding Patterns** 🔄 The stock exhibits multiple rounding patterns, and each is followed by a **rise** ⬆️ in price. This shows the stock moves in cycles, consolidating for some time before **breaking out** again. 5. **Recent Move and Strong Push** 💥 The most recent move in October 2024 is dramatic. The stock surged from around ₹180 to ₹207, a significant gain of about **16.64%** 📊, suggesting bullish momentum is accelerating 🚀. Look at the **volume spike** 🔊 accompanying the price surge—this confirms strong institutional or retail interest in the stock during this period. 6. **Key Takeaway: Patience Pays** ⌛ **Higher highs in rounding bottoms** indicate that the stock is slowly but consistently gaining strength. Though these formations take time to develop, they are often followed by strong upward movements 🏁. Extra tip: When you spot **volume contraction** during a rounded bottom, it could signal a potential **entry point** before a breakout. The expansion in volume later confirms a **strong uptrend**.
NSE:PENINDLong
by investigationofchart
Volume Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Volume Breakout. Stock has give Breakout with Volume. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart. Exit With in 15 Days, whether Target / Stop loss Hit or Not. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:PENIND
by AnsariTV
PENNAR INDUSTRIES LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:PENIND
by zenthosh
PENIND: A Comprehensive OverviewPennar Industries Ltd (PENIND) is a diversified engineering company with a strong presence in the solar module mounting, railway projects, storage solutions, hydraulic cylinders, and auto components segments. The company has a long and successful track record, and it is well-positioned for future growth. Key Financial Highlights Face Value: ₹5.00 ROE: 16.14% EBIDT Last Year: ₹1,069.89 Cr ROIC: 23.32% Stock P/E: 8.68 Current Price: ₹67.50 52 Week High/Low: ₹131.90/₹49.65 Sales Growth 5Years: 14.34% Free Cash Flow Pledged Percentage: 173 cr date 28/11/2023 Return over 6months: 33.50% Key Strengths Diversified product portfolio Strong track record of profitability Experienced management team Strong focus on innovation Investment Rationale PENIND is a well-managed company with a strong track record of profitability. The company is well-positioned for future growth, driven by the growing demand for its products and services. PENIND is also trading at an attractive valuation, making it a compelling investment opportunity. Risks Economic slowdown Competition from new entrants Rising input costs Overall, PENIND is a strong company with a bright future. The company is well-positioned for future growth, and it is trading at an attractive valuation. Investors should consider adding PENIND to their portfolios. Risq and Reward Investing in any security involves a certain degree of risk. The potential for higher returns is often accompanied by a greater degree of risk. Investors should carefully consider their own risk tolerance before making any investment decisions. Please note that past performance is not necessarily indicative of future results. The value of your investment could go down as well as up. Disclaimer: Please note that I am not a SEBI-registered investment advisor, and this post should not be considered investment advice. I am not recommending that you buy or sell any securities. Before making any investment decisions, you should always consult with a qualified financial advisor.
NSE:PENINDLong
by MahadevPhad
Pennar Industries(PENIND) - Ready to Breakout ++ Results/NewsScript : PENIND Nifty50 Stock: NO Sector : ENGINEERING/MANUFECTURING PE Value : 13 Results : Net Sales at Rs 699.98 crore in June 2022 up 43.35% from Rs. 488.31 crore in June 2021. Quarterly Net Profit at Rs. 14.08 crore in June 2022 up 119.31% from Rs. 6.42 crore in June 2021. EBITDA stands at Rs. 56.05 crore in June 2022 up 39.85% from Rs. 40.08 crore in June 2021. Pennar Inds EPS has increased to Rs. 1.00 in June 2022 from Rs. 0.45 in June 2021. ATH (all time high) - 79.60 in Jan 2018. On a chart, it's at the resistance 48-50 which is being tested multiple times. One can go long if it closes above 50 for targets 60, 70 and ATH 80. It's also above 9, 20, 50 & 200 EMA. Results were positive - Pennar Inds Consolidated June 2022 Net Sales at Rs 699.98 crore, up 43.35% Y-o-Y News: Pennar Industries Bags New Orders Worth Nearly $64 Million in July-August
NSE:PENINDLong
by UnknownUnicorn24770148