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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 2024-04-03 View latest technical analysis

10 day averaged volume of Ponni Sugars is 28119

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	423.85	420.15	426.45	417.45	0.671 times
02 Tue Apr 2024	420.15	415.50	423.95	415.50	0.947 times
01 Mon Apr 2024	413.55	404.85	416.90	403.40	0.817 times
28 Thu Mar 2024	402.05	409.95	412.95	398.10	0.869 times
27 Wed Mar 2024	407.25	409.00	414.00	403.60	0.757 times
26 Tue Mar 2024	412.05	415.70	417.65	411.00	0.853 times
22 Fri Mar 2024	412.70	415.45	416.95	410.10	0.773 times
21 Thu Mar 2024	411.95	420.00	425.05	409.50	2.173 times
20 Wed Mar 2024	401.95	396.20	405.70	390.00	1.114 times
19 Tue Mar 2024	393.55	400.00	402.00	391.95	0.554 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 416.3, but if it comes below 416.3, then a intra day sell could be more profitable.
If you take a sell trade below 416.3, then use 416.3 as stoploss and 404.25 as target. However if you take a buy trade in stock , then use 416.3 as stoploss and 430.7 as target.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	390.00
Downside Target	417.65
Upside Target	425.05
Upside Target	426.45
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	409.35
Downside Intraday Target	394.85
Upside Intraday Target	432.4
Upside Intraday Target	440.95
Downside Intraday Target	417.9

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	423.85	404.85	426.45	403.40	0.982 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
03 Wed Apr 2024	423.85	404.85	426.45	403.40	0.118 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ponni Sugars ( (PONNIERODE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ponni Sugars ( (PONNIERODE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Ponni Sugars stock for short term is BUY. Signal strength is Weak and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 410.29 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.