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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 2024-08-29 View latest technical analysis

10 day averaged volume of Ponni Sugars is 35986

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	510.60	520.25	520.25	505.05	1.089 times
28 Wed Aug 2024	512.55	509.55	522.00	509.00	1.098 times
27 Tue Aug 2024	508.10	502.00	509.90	502.00	0.435 times
26 Mon Aug 2024	507.00	524.00	524.00	505.00	0.772 times
23 Fri Aug 2024	519.80	525.00	534.00	515.05	0.933 times
22 Thu Aug 2024	522.70	534.00	545.00	521.40	1.039 times
21 Wed Aug 2024	528.95	542.55	546.00	524.30	0.577 times
20 Tue Aug 2024	540.45	532.45	544.00	520.20	1.386 times
19 Mon Aug 2024	531.10	517.95	533.75	516.30	1.883 times
16 Fri Aug 2024	509.85	510.95	513.95	500.00	0.858 times

My analysis of stock is bearish for shortterm, and stock might move down till 504 or till 488.7. Use a stoploss of 516.84 and if the stock hits stoploss, then it can shoot up till 529.65

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	488.80
Downside Target	502.00
Upside Target	515.05
Upside Target	527.00
Upside Target	530.45
Upside Target	546.00
Upside Target	559.05
Upside Target	573.05
Upside Target	598.90

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	500.4
Downside Intraday Target	490.2
Upside Intraday Target	522.4
Upside Intraday Target	534.2
Upside Intraday Target	512.2

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	510.60	524.00	524.00	502.00	0.583 times
23 Fri Aug 2024	519.80	517.95	546.00	515.05	1.297 times
16 Fri Aug 2024	509.85	491.00	524.05	488.80	0.677 times
09 Fri Aug 2024	500.85	521.80	530.45	490.05	0.708 times
02 Fri Aug 2024	533.55	527.00	573.05	527.00	0.88 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
29 Thu Aug 2024	510.60	559.00	559.05	488.80	0.231 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 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 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 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 and the buying is gaining 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 521.46 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 negative.

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