Is Pennar Industrie technically bullish or bearish?
As of June 30, 2025, Pennar Industries has shifted to a bullish trend, supported by strong indicators like bullish MACD and moving averages, despite a mildly bearish KST on a monthly basis.
As of 30 June 2025, the technical trend for Pennar Industrie has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, and Bollinger Bands also indicate a bullish trend on both time frames. Daily moving averages are bullish, reinforcing the positive momentum. While the KST is mildly bearish on a monthly basis, the overall monthly Dow Theory is bullish, and the On-Balance Volume shows bullishness as well. The stock has demonstrated strong performance relative to the Sensex, particularly over the 1Y and 3Y periods, further indicating bullish sentiment.
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