Key stats
Market capitalization
9.547BINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
14.12
Basic EPS (TTM)
4.98INR
About PENNAR INDUSTRIES LTD
ISIN
INE932A01024
Sector
Non-Energy Minerals
Industry
Steel
Website
pennarindia.com
CEO
Aditya Narsing Rao Joginapally
Headquarters
Hyderabad
Employees
2.257K
Founded
1975
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.
Pennar Industries - InvestmentOn weekly time frame price is in uptrend. In daily time frame price is consolidating in a triangle. Close above the upper trend line with volume will give the bullish strength. Buy above 58 with the stop loss of 51 for the targets 66, 78 and 84. Time duration : 6 months to 2 year. Note : Consult you
Took this trade for 4% target in 1 day DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why
PENIND | Good for Long NSE:PENIND
Reason for Trade : Daily / Weekly BO
Cmp : 57.85
Entry : Cmp or near 56
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disc
Stock is in cup formation---Pennar Industries1.Stock is trying to make cup formation in weekly timeframe.
2. Blue lines can act as resistance in coming days.
3. 79 is ATH and can be gained approx 2months.
4.There is also increase in volume.
5.Nearly 60% gains, if price hits ATH.
CHART IS POSTED ONLY FOR TRADE IDEA/ EDUCATIONAL PURPOSE. PLEAS
PENIND - Ichimoku Bullish Breakout Stock Name - Pennar Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 52
#This
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Income Statement
Balance Sheet
Cash Flow
Earnings
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