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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 2024-05-21 View latest technical analysis

10 day averaged volume of Ponni Sugars is 37807

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	448.00	457.00	457.00	445.30	0.896 times
18 Sat May 2024	451.75	455.00	457.60	450.00	0.418 times
17 Fri May 2024	449.15	427.65	454.70	420.00	5.728 times
16 Thu May 2024	427.25	425.85	432.00	421.15	0.344 times
15 Wed May 2024	428.65	424.50	430.90	423.95	0.529 times
14 Tue May 2024	423.45	414.95	429.00	403.05	0.367 times
13 Mon May 2024	410.75	412.40	414.95	400.00	0.625 times
10 Fri May 2024	412.40	416.45	418.65	410.00	0.511 times
09 Thu May 2024	415.40	430.00	430.90	412.40	0.449 times
08 Wed May 2024	427.65	422.95	429.95	421.40	0.281 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 446.5, but if it comes below 446.5, then a intra day sell could be more profitable.
If you take a sell trade below 446.5, then use 446.5 as stoploss and 433.94 as target. However if you take a buy trade in stock , then use 446.5 as stoploss and 461.5 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	429.70
Downside Target	445.30
Upside Target	457.00
Upside Target	457.15
Upside Target	457.60
Upside Target	487.50
Upside Target	490.25

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	443.2
Downside Intraday Target	438.4
Upside Intraday Target	454.9
Upside Intraday Target	461.8
Upside Intraday Target	450.1

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	448.00	457.00	457.00	445.30	0.112 times
18 Sat May 2024	451.75	412.40	457.60	400.00	2.6 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

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
21 Tue May 2024	448.00	446.00	457.60	400.00	0.61 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Ponni Sugars in short term but SELL signal is weak.

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 440.11 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.