Pennar industries momentum tradeKey points: 1) Stock is forming hidden bullish divergence. 2) On weekly and daily time frame stock taking support on rsi 60. 3) Stock trading near ATH. 4) stock taking support at 20 days moving average.
Pennar Industries Ltd. is a holding company, which engages in the provision of engineered products and services. It operates through the Diversified Engineering and Custom Designed Building Solutions; and Auxiliaries segments. The firm offers solar module mounting, railway projects, storage solutions, hydraulic cylinders, and auto components. Its products include cold rolled steel strips, electrodes, metal crash barriers, sheet piles, and precision tubes. The company was founded by Venkata Nrupender Rao Joginapalli in 1975 and is headquartered in Hyderabad, India.
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