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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 2024-05-30 View latest technical analysis

10 day averaged volume of Ponni Sugars is 37921

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	422.10	428.00	433.70	418.10	0.368 times
29 Wed May 2024	427.55	430.60	431.40	422.40	0.269 times
28 Tue May 2024	428.90	429.40	434.60	422.30	0.397 times
27 Mon May 2024	426.05	430.35	430.35	421.10	0.391 times
24 Fri May 2024	428.10	441.90	441.90	427.00	0.567 times
23 Thu May 2024	436.35	438.75	438.75	432.05	0.363 times
22 Wed May 2024	437.65	442.90	443.00	436.20	0.649 times
21 Tue May 2024	448.00	457.00	457.00	445.30	0.893 times
18 Sat May 2024	451.75	455.00	457.60	450.00	0.417 times
17 Fri May 2024	449.15	427.65	454.70	420.00	5.711 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 418.8 as stoploss in an intra day buy trade for a target of 429.86. However, stock will show a bearish move below 418.8.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	399.00
Downside Target	410.00
Upside Target	427.00
Upside Target	442.90
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	415.27
Downside Intraday Target	408.43
Upside Intraday Target	431.77
Upside Intraday Target	441.43
Upside Intraday Target	424.93

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	422.10	430.35	434.60	418.10	0.576 times
24 Fri May 2024	428.10	457.00	457.00	427.00	0.309 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

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
30 Thu May 2024	422.10	446.00	457.60	400.00	0.742 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 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 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 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 SELL. 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.

Ponni Sugars Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 443.48 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.