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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 2024-05-17 View latest technical analysis

10 day averaged volume of Ponni Sugars is 21412

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	449.15	427.65	454.70	420.00	10.115 times
16 Thu May 2024	427.25	425.85	432.00	421.15	0.608 times
15 Wed May 2024	428.65	424.50	430.90	423.95	0.934 times
14 Tue May 2024	423.45	414.95	429.00	403.05	0.648 times
13 Mon May 2024	410.75	412.40	414.95	400.00	1.103 times
10 Fri May 2024	412.40	416.45	418.65	410.00	0.903 times
09 Thu May 2024	415.40	430.00	430.90	412.40	0.793 times
08 Wed May 2024	427.65	422.95	429.95	421.40	0.495 times
07 Tue May 2024	423.20	430.00	433.90	419.95	1.32 times
06 Mon May 2024	432.40	441.00	444.55	429.20	1.93 times

Stock of Ponni Sugars (PONNIERODE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 443.7, but if it comes below 443.7, then a intra day sell could be more profitable.
If you take a sell trade below 443.7, then use 443.7 as stoploss and 431.97 as target. However if you take a buy trade in stock , then use 443.7 as stoploss and 457.8 as target.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	399.00
Downside Target	410.00
Downside Target	442.90
Downside Target	444.55
Upside Target	454.70
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	414.53
Downside Intraday Target	379.92
Upside Intraday Target	469.23
Upside Intraday Target	489.32
Downside Intraday Target	434.62

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	449.15	412.40	454.70	400.00	2.464 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ponni Sugars (PONNIERODE)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	449.15	446.00	455.65	400.00	0.552 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 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 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 neutral. A longer time frame might give a better analysis.

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 green color and prices are above 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 and the buying is gaining 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 437.02 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 positive

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