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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 2024-05-13 View latest technical analysis

10 day averaged volume of Ponni Sugars is 60613

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon May 2024	410.75	412.40	414.95	400.00	0.39 times
10 Fri May 2024	412.40	416.45	418.65	410.00	0.319 times
09 Thu May 2024	415.40	430.00	430.90	412.40	0.28 times
08 Wed May 2024	427.65	422.95	429.95	421.40	0.175 times
07 Tue May 2024	423.20	430.00	433.90	419.95	0.466 times
06 Mon May 2024	432.40	441.00	444.55	429.20	0.682 times
03 Fri May 2024	440.45	454.60	454.60	437.90	0.447 times
02 Thu May 2024	450.05	446.00	455.65	436.65	0.756 times
30 Tue Apr 2024	442.65	452.80	455.00	440.25	0.682 times
29 Mon Apr 2024	449.25	442.50	457.15	442.50	1.35 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 415.6, but if it comes above 415.6, then a intra day buy could be more profitable.
If you take a sell trade below 415.6, then use 415.6 as stoploss and 400.1 as target. However if you take a buy trade in stock , then use 415.6 as stoploss and 428.48 as target.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	399.00
Downside Target	410.00
Upside Target	436.65
Upside Target	442.90
Upside Target	444.55
Upside Target	455.65
Upside Target	457.15
Upside Target	487.50
Upside Target	490.25

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	402.18
Downside Intraday Target	393.62
Upside Intraday Target	417.13
Upside Intraday Target	423.52
Downside Intraday Target	408.57

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon May 2024	410.75	412.40	414.95	400.00	0.203 times
10 Fri May 2024	412.40	441.00	444.55	410.00	0.594 times
03 Fri May 2024	440.45	442.50	457.15	436.65	0.402 times
26 Fri Apr 2024	441.25	419.10	490.25	419.10	6.614 times
19 Fri Apr 2024	420.70	417.05	423.95	399.00	0.942 times

Price has moved down 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
13 Mon May 2024	410.75	446.00	455.65	400.00	0.247 times
30 Tue Apr 2024	442.65	404.85	490.25	399.00	1.481 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

Scroll below to view daily charts

Price has moved down 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

MACD generated a SELL signal for Ponni Sugars in short term and the sell signal is strong.

Ponni Sugars Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Ponni Sugars in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 436.36 and Ponni Sugars (PONNIERODE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.