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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 2024-04-10 View latest technical analysis

10 day averaged volume of Ponni Sugars is 21256

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	422.60	427.85	429.35	420.00	0.845 times
09 Tue Apr 2024	419.80	424.80	424.80	415.00	1.166 times
08 Mon Apr 2024	417.80	421.15	422.70	416.85	0.897 times
05 Fri Apr 2024	421.15	425.70	427.45	420.00	0.647 times
04 Thu Apr 2024	426.00	432.20	440.70	422.50	0.789 times
03 Wed Apr 2024	423.85	420.15	426.45	417.45	0.888 times
02 Tue Apr 2024	420.15	415.50	423.95	415.50	1.253 times
01 Mon Apr 2024	413.55	404.85	416.90	403.40	1.081 times
28 Thu Mar 2024	402.05	409.95	412.95	398.10	1.15 times
27 Wed Mar 2024	407.25	409.00	414.00	403.60	1.001 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 421.5, but if it comes below 421.5, then a intra day sell could be more profitable.
If you take a sell trade below 421.5, then use 421.5 as stoploss and 407.49 as target. However if you take a buy trade in stock , then use 421.5 as stoploss and 438.4 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	429.35
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	415.28
Downside Intraday Target	407.97
Upside Intraday Target	429.63
Upside Intraday Target	436.67
Downside Intraday Target	422.32

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	422.60	421.15	429.35	415.00	0.624 times
05 Fri Apr 2024	421.15	404.85	440.70	403.40	1.42 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

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
10 Wed Apr 2024	422.60	404.85	440.70	403.40	0.276 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 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 SELL signal in short term and selling is picking up 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 416.78 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.