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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 2024-03-02 View latest technical analysis

10 day averaged volume of Ponni Sugars is 52304

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	421.50	417.40	426.00	414.50	0.052 times
01 Fri Mar 2024	413.25	416.35	422.35	411.15	0.532 times
29 Thu Feb 2024	412.70	418.30	422.45	411.35	0.578 times
28 Wed Feb 2024	416.00	427.60	435.95	414.50	1.334 times
27 Tue Feb 2024	424.45	440.00	449.40	419.50	1.11 times
26 Mon Feb 2024	438.60	446.05	450.10	435.00	0.531 times
23 Fri Feb 2024	445.90	453.75	468.00	445.00	0.639 times
22 Thu Feb 2024	450.00	464.00	464.00	448.25	0.975 times
21 Wed Feb 2024	457.75	457.00	468.00	450.00	0.916 times
20 Tue Feb 2024	456.60	446.00	475.00	446.00	2.582 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 425.7, but if it comes above 425.7, then a intra day buy could be more profitable.
If you take a sell trade below 425.7, then use 425.7 as stoploss and 404.5 as target. However if you take a buy trade in stock , then use 425.7 as stoploss and 443.3 as target.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	392.00
Downside Target	400.00
Upside Target	426.00
Upside Target	440.55
Upside Target	442.90
Upside Target	450.10
Upside Target	455.10
Upside Target	465.20
Upside Target	475.00
Upside Target	480.00
Upside Target	487.50

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	405.07
Downside Intraday Target	388.63
Upside Intraday Target	444.02
Upside Intraday Target	466.53
Upside Intraday Target	427.58

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	421.50	446.05	450.10	411.15	0.699 times
23 Fri Feb 2024	445.90	451.85	475.00	440.55	0.97 times
16 Fri Feb 2024	448.05	478.50	480.00	426.40	0.478 times
09 Fri Feb 2024	466.65	444.95	487.50	442.20	1.921 times
02 Fri Feb 2024	440.75	423.85	455.10	414.80	1.242 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
02 Sat Mar 2024	421.50	416.35	426.00	411.15	0.018 times
29 Thu Feb 2024	412.70	425.00	487.50	411.35	1.578 times
31 Wed Jan 2024	422.35	411.10	442.90	400.00	1.068 times
29 Fri Dec 2023	409.00	428.85	430.50	392.00	0.648 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Ponni Sugars stock for short term is SELL. Signal strength is Weak 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 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 moving up

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

RSI is generating a SELL signal in short term but selling is losing 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 439.1 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.