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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 2024-05-22 View latest technical analysis

10 day averaged volume of Ponni Sugars is 38366

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	437.65	442.90	443.00	436.20	0.641 times
21 Tue May 2024	448.00	457.00	457.00	445.30	0.883 times
18 Sat May 2024	451.75	455.00	457.60	450.00	0.412 times
17 Fri May 2024	449.15	427.65	454.70	420.00	5.645 times
16 Thu May 2024	427.25	425.85	432.00	421.15	0.339 times
15 Wed May 2024	428.65	424.50	430.90	423.95	0.521 times
14 Tue May 2024	423.45	414.95	429.00	403.05	0.361 times
13 Mon May 2024	410.75	412.40	414.95	400.00	0.616 times
10 Fri May 2024	412.40	416.45	418.65	410.00	0.504 times
09 Thu May 2024	415.40	430.00	430.90	412.40	0.443 times

My analysis of stock is bullish for shortterm, and stock might move up till 446.3 or till 461.3. Use a stoploss of 433.83 and if this stock hits its stoploss, then it can fall down till 421.35

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
Upside Target	444.55
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	430.23
Downside Intraday Target	422.82
Upside Intraday Target	451.03
Upside Intraday Target	464.42
Upside Intraday Target	443.62

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	437.65	457.00	457.00	436.20	0.193 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
22 Wed May 2024	437.65	446.00	457.60	400.00	0.639 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Weak and stock is losing momentum.

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

Ponni Sugars Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 440.29 and Ponni Sugars (PONNIERODE) stock is trading below this level. This means that stock is falling with high volumes. 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.