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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 2024-03-06 View latest technical analysis

10 day averaged volume of Ponni Sugars is 38194

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	409.35	408.00	410.95	401.50	1.137 times
05 Tue Mar 2024	407.50	418.20	422.40	406.00	1.324 times
04 Mon Mar 2024	418.80	424.00	429.70	416.75	0.802 times
02 Sat Mar 2024	421.50	417.40	426.00	414.50	0.071 times
01 Fri Mar 2024	413.25	416.35	422.35	411.15	0.729 times
29 Thu Feb 2024	412.70	418.30	422.45	411.35	0.791 times
28 Wed Feb 2024	416.00	427.60	435.95	414.50	1.826 times
27 Tue Feb 2024	424.45	440.00	449.40	419.50	1.52 times
26 Mon Feb 2024	438.60	446.05	450.10	435.00	0.727 times
23 Fri Feb 2024	445.90	453.75	468.00	445.00	0.875 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 417.5, but if it comes above 417.5, then a intra day buy could be more profitable.
If you take a sell trade below 417.5, then use 417.5 as stoploss and 395.8 as target. However if you take a buy trade in stock , then use 417.5 as stoploss and 435.54 as target.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	392.00
Downside Target	400.00
Upside Target	426.40
Upside Target	440.55
Upside Target	442.20
Upside Target	442.90
Upside Target	450.10
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	397.33
Downside Intraday Target	385.32
Upside Intraday Target	425.53
Upside Intraday Target	441.72
Upside Intraday Target	413.52

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	409.35	424.00	429.70	401.50	0.576 times
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

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 Wed Mar 2024	409.35	416.35	429.70	401.50	0.089 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 neutral. A longer time frame might give a better analysis.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 419.53 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.