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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 2024-08-08 View latest technical analysis

10 day averaged volume of Ponni Sugars is 64585

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	507.70	513.50	523.40	506.00	0.306 times
07 Wed Aug 2024	521.30	502.00	523.00	498.20	0.64 times
06 Tue Aug 2024	495.85	517.20	530.45	490.05	1.015 times
05 Mon Aug 2024	520.60	521.80	527.95	507.10	1.325 times
02 Fri Aug 2024	533.55	533.00	544.45	531.25	0.404 times
01 Thu Aug 2024	542.60	559.00	559.05	532.55	0.824 times
31 Wed Jul 2024	555.55	566.00	573.05	551.10	0.886 times
30 Tue Jul 2024	565.85	550.00	570.00	542.25	1.701 times
29 Mon Jul 2024	548.95	527.00	554.00	527.00	1.401 times
26 Fri Jul 2024	522.95	542.50	542.50	517.60	0.625 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 510.8, but if it comes above 510.8, then a intra day buy could be more profitable.
If you take a sell trade below 510.8, then use 510.8 as stoploss and 480 as target. However if you take a buy trade in stock , then use 510.8 as stoploss and 536.44 as target.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	386.00
Downside Target	399.00
Downside Target	457.60
Downside Target	471.00
Downside Target	490.05
Downside Target	504.70
Upside Target	518.00
Upside Target	542.50
Upside Target	559.05
Upside Target	573.05
Upside Target	596.90
Upside Target	598.90

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	488.35
Downside Intraday Target	469
Upside Intraday Target	528.75
Upside Intraday Target	549.8
Upside Intraday Target	509.4

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	507.70	521.80	530.45	490.05	0.63 times
02 Fri Aug 2024	533.55	527.00	573.05	527.00	0.88 times
26 Fri Jul 2024	522.95	501.00	542.50	475.10	0.605 times
19 Fri Jul 2024	514.00	588.05	596.90	504.70	0.56 times
12 Fri Jul 2024	586.25	540.00	598.90	506.80	1.018 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
08 Thu Aug 2024	507.70	559.00	559.05	490.05	0.083 times
31 Wed Jul 2024	555.55	479.35	598.90	471.00	1.11 times
28 Fri Jun 2024	478.45	429.00	518.00	386.00	4.855 times
31 Fri May 2024	419.25	446.00	457.60	400.00	0.756 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 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 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 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 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 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 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

Although the stock is in the BUY zone, but buying 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 536.36 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.