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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 2024-06-05 View latest technical analysis

10 day averaged volume of Ponni Sugars is 20482

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	418.25	406.00	423.00	402.15	1.226 times
04 Tue Jun 2024	405.85	427.85	427.85	386.00	2.574 times
03 Mon Jun 2024	427.75	429.00	435.00	421.00	1.291 times
31 Fri May 2024	419.25	422.00	424.15	415.60	0.574 times
30 Thu May 2024	422.10	428.00	433.70	418.10	0.681 times
29 Wed May 2024	427.55	430.60	431.40	422.40	0.498 times
28 Tue May 2024	428.90	429.40	434.60	422.30	0.735 times
27 Mon May 2024	426.05	430.35	430.35	421.10	0.724 times
24 Fri May 2024	428.10	441.90	441.90	427.00	1.05 times
23 Thu May 2024	436.35	438.75	438.75	432.05	0.671 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 415 as stoploss in an intra day buy trade for a target of 427.23. However, stock will show a bearish move below 415.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	386.00
Downside Target	399.00
Downside Target	410.00
Upside Target	427.00
Upside Target	435.00
Upside Target	444.55
Upside Target	457.00
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	391.17
Downside Intraday Target	364.08
Upside Intraday Target	440.17
Upside Intraday Target	462.08
Downside Intraday Target	413.08

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	418.25	429.00	435.00	386.00	1.585 times
31 Fri May 2024	419.25	430.35	434.60	415.60	0.702 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

Price has moved down 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
05 Wed Jun 2024	418.25	429.00	435.00	386.00	0.16 times
31 Fri May 2024	419.25	446.00	457.60	400.00	0.756 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Ponni Sugars ( (PONNIERODE) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Ponni Sugars in short term and the sell signal is strong.

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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Ponni Sugars in short term but BUY 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

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 420.66 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 negative.

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