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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 2024-04-04 View latest technical analysis

10 day averaged volume of Ponni Sugars is 26793

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	426.00	432.20	440.70	422.50	0.626 times
03 Wed Apr 2024	423.85	420.15	426.45	417.45	0.704 times
02 Tue Apr 2024	420.15	415.50	423.95	415.50	0.994 times
01 Mon Apr 2024	413.55	404.85	416.90	403.40	0.857 times
28 Thu Mar 2024	402.05	409.95	412.95	398.10	0.912 times
27 Wed Mar 2024	407.25	409.00	414.00	403.60	0.794 times
26 Tue Mar 2024	412.05	415.70	417.65	411.00	0.895 times
22 Fri Mar 2024	412.70	415.45	416.95	410.10	0.812 times
21 Thu Mar 2024	411.95	420.00	425.05	409.50	2.28 times
20 Wed Mar 2024	401.95	396.20	405.70	390.00	1.169 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 417.2, but if it comes below 417.2, then a intra day sell could be more profitable.
If you take a sell trade below 417.2, then use 417.2 as stoploss and 404.61 as target. However if you take a buy trade in stock , then use 417.2 as stoploss and 432.3 as target.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	390.00
Downside Target	417.65
Downside Target	425.05
Upside Target	429.70
Upside Target	430.50
Upside Target	440.70
Upside Target	442.90
Upside Target	487.50

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	406.03
Downside Intraday Target	386.07
Upside Intraday Target	443.33
Upside Intraday Target	460.67
Downside Intraday Target	423.37

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	426.00	404.85	440.70	403.40	1.223 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
04 Thu Apr 2024	426.00	404.85	440.70	403.40	0.146 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 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 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 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.

ADX buy sell signal for Ponni Sugars stock for short term is BUY. Signal strength is Strong 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 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 but buying is losing 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 412.24 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.