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(PONNIERODE) Ponni Sugars complete technical analysis [charts+indicators] | Buy/Sell Ponni Sugars | (PONNIERODE) share price targets

Complete technical analysis of Ponni Sugars (PONNIERODE) by charts plus indicators, forecast predictions and share price targets for Ponni Sugars (PONNIERODE)

Ponni Sugars trades in NSE in Sugar sector.

Showing technical analysis as on 2024-04-01 View latest technical analysis

10 day averaged volume of Ponni Sugars is 28333

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	413.55	404.85	416.90	403.40	0.811 times
28 Thu Mar 2024	402.05	409.95	412.95	398.10	0.862 times
27 Wed Mar 2024	407.25	409.00	414.00	403.60	0.751 times
26 Tue Mar 2024	412.05	415.70	417.65	411.00	0.847 times
22 Fri Mar 2024	412.70	415.45	416.95	410.10	0.767 times
21 Thu Mar 2024	411.95	420.00	425.05	409.50	2.157 times
20 Wed Mar 2024	401.95	396.20	405.70	390.00	1.105 times
19 Tue Mar 2024	393.55	400.00	402.00	391.95	0.55 times
18 Mon Mar 2024	400.10	397.00	403.45	392.15	1.134 times
15 Fri Mar 2024	390.65	391.80	394.60	384.10	0.68 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 415.3 as stoploss in an intra day sell trade for a target of 403.79. However, stock will show a bullish move above 415.3.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	390.00
Upside Target	416.90
Upside Target	417.65
Upside Target	425.05
Upside Target	429.70
Upside Target	430.50
Upside Target	442.90
Upside Target	487.50

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	405.67
Downside Intraday Target	397.78
Upside Intraday Target	419.17
Upside Intraday Target	424.78
Downside Intraday Target	411.28

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	413.55	404.85	416.90	403.40	0.329 times
28 Thu Mar 2024	402.05	415.70	417.65	398.10	0.431 times
22 Fri Mar 2024	412.70	397.00	425.05	390.00	0.914 times
15 Fri Mar 2024	390.65	407.00	408.80	363.25	1.238 times
07 Thu Mar 2024	406.10	424.00	429.70	401.50	0.662 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ponni Sugars (PONNIERODE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	413.55	404.85	416.90	403.40	0.039 times
28 Thu Mar 2024	402.05	416.35	429.70	363.25	0.335 times
29 Thu Feb 2024	412.70	425.00	487.50	411.35	1.578 times
31 Wed Jan 2024	422.35	411.10	442.90	400.00	1.068 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ponni Sugars (PONNIERODE)

Price action analysis of Ponni Sugars ( (PONNIERODE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ponni Sugars ( (PONNIERODE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Ponni Sugars ( (PONNIERODE) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ponni Sugars ( (PONNIERODE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ponni Sugars stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Ponni Sugars in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ponni Sugars Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Ponni Sugars in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ponni Sugars is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 405.82 and Ponni Sugars (PONNIERODE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Ponni Sugars (PONNIERODE) stock. Volume based technical analysis of Ponni Sugars (PONNIERODE) stock is negative.

Ponni Sugars Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.