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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 2024-09-06 View latest technical analysis

10 day averaged volume of Ponni Sugars is 68526

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	468.70	484.90	485.35	459.85	1.226 times
05 Thu Sep 2024	484.90	488.95	492.45	483.10	0.513 times
04 Wed Sep 2024	485.30	480.15	494.15	478.05	0.883 times
03 Tue Sep 2024	481.45	495.75	499.50	479.05	1.077 times
02 Mon Sep 2024	495.80	523.40	524.40	494.00	1.288 times
30 Fri Aug 2024	521.40	561.00	561.00	518.10	3.967 times
29 Thu Aug 2024	510.60	520.25	520.25	505.05	0.572 times
28 Wed Aug 2024	512.55	509.55	522.00	509.00	0.577 times
27 Tue Aug 2024	508.10	502.00	509.90	502.00	0.229 times
26 Mon Aug 2024	507.00	524.00	524.00	505.00	0.405 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 469.1, for a target of 490.1 or 507.64

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	386.00
Downside Target	400.00
Downside Target	457.60
Upside Target	471.00
Upside Target	488.80
Upside Target	502.00
Upside Target	515.05
Upside Target	524.40
Upside Target	530.45
Upside Target	546.00
Upside Target	561.00
Upside Target	598.90

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	444.23
Downside Intraday Target	419.77
Upside Intraday Target	508.78
Upside Intraday Target	548.87
Upside Intraday Target	484.32

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	468.70	523.40	524.40	459.85	0.867 times
30 Fri Aug 2024	521.40	524.00	561.00	502.00	1.882 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

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
06 Fri Sep 2024	468.70	523.40	524.40	459.85	0.316 times
30 Fri Aug 2024	521.40	559.00	561.00	488.80	0.308 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

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 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 mid to longer 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.

ADX buy sell signal for Ponni Sugars stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Ponni Sugars Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 SELL signal in short term and selling is picking up 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 501.72 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.