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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 2024-05-15 View latest technical analysis

10 day averaged volume of Ponni Sugars is 26826

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	428.65	424.50	430.90	423.95	0.745 times
14 Tue May 2024	423.45	414.95	429.00	403.05	0.517 times
13 Mon May 2024	410.75	412.40	414.95	400.00	0.88 times
10 Fri May 2024	412.40	416.45	418.65	410.00	0.72 times
09 Thu May 2024	415.40	430.00	430.90	412.40	0.633 times
08 Wed May 2024	427.65	422.95	429.95	421.40	0.395 times
07 Tue May 2024	423.20	430.00	433.90	419.95	1.054 times
06 Mon May 2024	432.40	441.00	444.55	429.20	1.541 times
03 Fri May 2024	440.45	454.60	454.60	437.90	1.011 times
02 Thu May 2024	450.05	446.00	455.65	436.65	1.708 times

My analysis of stock is bearish for shortterm, and stock might move down till 417.3 or till 402.7. Use a stoploss of 429.53 and if the stock hits stoploss, then it can shoot up till 441.74

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	408.8
Downside Intraday Target	388.95
Upside Intraday Target	439.7
Upside Intraday Target	450.75
Downside Intraday Target	419.85

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	428.65	412.40	430.90	400.00	0.493 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 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
15 Wed May 2024	428.65	446.00	455.65	400.00	0.286 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 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 to mid 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 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Ponni Sugars in short term but the sell 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. 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 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 429.69 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 positive

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