Rounding Bottom Good Structure Enter when Breakout and Retest done. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe. by Anany_shringiUpdated 2215
Pennar Industries #PENIND - Looking good for more upsideGood buying opportunity at CMP: ₹120.55 in my opinion. Retesting the range. Expecting another 25-30% move in coming days.Longby BattleofStocks3
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. Longby MahadevPhad1
PENINDPennar Industries Chart Pattern - Rounding Bottom Time frame - Weekly Stop Loss (As per Chart) - Near 80 rs Target Upside (Using fibonnaci from high of consolidation of A) - T1- 146.4 T2 - 174.3 T3 - 188.10 This chart is only for educational Purpose. Do your own study before taking any tradesLongby be_you_akshay0
Resistance Breakout - PENNARINDPlease look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking for long term.Longby Breakout-IdeasUpdated 7
Wedge Pattern Breakout - PENNARPlease look into the chart for a detailed understanding. Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis) Please consider these ideas for educational purposes.Longby Breakout-IdeasUpdated 8
Long PENIND🛡PENIND 💠Stock Trading above 20 & 50 EMA 💠Stock making Big Base with higher volume 💠 Stock structure is Uptrend 💠 Breakout Level 80 Support 75 💠 RR Favorable for going long ♻️ Retweet for max reachLongby Dynamic_ViewsUpdated 115
Pennar Industries: (Long)Pennar Industries: (Long) Possibility for a long setup in Pennar while it price tests and reverses at the support zone. Note: Do your own due diligence before taking any action.Longby selvimohan2
PENNAR INDUSTRIESNSE:PENIND Double top formation on monthly chart if the stock has breakout with 80 > 82 on next closing month target : 150.50 with stop loss 49.80 holding period : more then 1 .5 year ( 20 month approx.) risk reward : 1:3 (as per suggested target or sl) above 150.50 stock has been multi bagger Longby paragonbroking2
PENIND rounding bottom breakoutCMP 80.05 | Strong Momentum | Increasing profits every quarter for the past 2 quarters | FII / FPI or Institutions increasing their shareholding | New 52 week high *Not recommendation Multi-product company manufacturing CR tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systemsLongby JustIdea10
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-AugustLongby tradingp35
PENINDCMP 46.20...MOVING TO COMPLETE CNH PATTERN... SUSTAINABLE BREAKOUT ABOVE 47 MAY GIVE FUEL TO THE FIRE... BEST BUY 35-45,,,WCBSL 30...TGT COULD BE 62/80+++ I m not sebi regt analyst or advisor. Post is only for an educational purpose. Do ur own diligence or check with ur financial advisor before taking any position.Longby NEELSHAH233880
Pennar IndustriesBullish Wedge formation, can be added with the stoploss of 33, for the mentioned targetsLongby jagritsunnyUpdated 111
Pennar Indsabout to give a breakout formed cup and handle Took reversal from resistance.. Longby tyagiprince20101
Penind - Long for swing tradePening CMP - 15.85 Buy range - 15.50 - 16.50 / Stop Loss - 14 Targets - 17.50 / 18.50 / 20 Note: This is my view and for educational purpose only Longby rafeahmed4
PENIND : A new leg ? Looks like a new leg starting after taking support at the broad support zone...Longby niftytrader2
Pennar Update...As stated in the previous post...we have seen a nice advance, we have come and closed near the falling trendline from the august 2015 high...Let us see if we are able to break this trendline and close above it next week...Chart will be extremely bullish if we manage to do it....Buy the breakout traders...Longby NileshTheteUpdated 2
Pennar Industries..Buy for the third wave up...Pennar industries has completed a five wave impulsive rise on weekly charts followed by a ziz zag correction which is in late stages....Strategy Accumulate this scrip upto the lvl of 38 and hold....A Multibagger...Longby NileshThete1