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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 2024-06-11 View latest technical analysis

10 day averaged volume of Ponni Sugars is 34880

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	465.75	448.00	468.00	442.50	13.924 times
10 Mon Jun 2024	446.95	445.00	454.95	440.10	1.996 times
07 Fri Jun 2024	437.35	426.85	452.95	426.85	2.92 times
06 Thu Jun 2024	418.60	418.70	428.00	416.80	0.633 times
05 Wed Jun 2024	418.25	406.00	423.00	402.15	0.72 times
04 Tue Jun 2024	405.85	427.85	427.85	386.00	1.512 times
03 Mon Jun 2024	427.75	429.00	435.00	421.00	0.758 times
31 Fri May 2024	419.25	422.00	424.15	415.60	0.337 times
30 Thu May 2024	422.10	428.00	433.70	418.10	0.4 times
29 Wed May 2024	427.55	430.60	431.40	422.40	0.292 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 463, for a target of 446.4 or 432.56

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	386.00
Downside Target	399.00
Downside Target	411.35
Downside Target	427.00
Downside Target	452.95
Downside Target	457.00
Downside Target	457.60
Upside Target	468.00
Upside Target	487.50
Upside Target	490.25

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	447.9
Downside Intraday Target	430.05
Upside Intraday Target	475.8
Upside Intraday Target	485.85
Downside Intraday Target	457.95

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	465.75	445.00	468.00	440.10	2.433 times
07 Fri Jun 2024	437.35	429.00	452.95	386.00	3.47 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

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
11 Tue Jun 2024	465.75	429.00	468.00	386.00	1.202 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 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 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 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 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 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 450.93 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.