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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 2024-03-18 View latest technical analysis

10 day averaged volume of Ponni Sugars is 32298

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	400.10	397.00	403.45	392.15	0.995 times
15 Fri Mar 2024	390.65	391.80	394.60	384.10	0.597 times
14 Thu Mar 2024	392.15	367.05	396.90	363.25	1.006 times
13 Wed Mar 2024	373.55	390.80	392.90	370.05	1.539 times
12 Tue Mar 2024	387.00	400.50	407.40	385.05	1.398 times
11 Mon Mar 2024	400.75	407.00	408.80	396.65	0.945 times
07 Thu Mar 2024	406.10	412.95	413.95	405.00	0.573 times
06 Wed Mar 2024	409.35	408.00	410.95	401.50	1.344 times
05 Tue Mar 2024	407.50	418.20	422.40	406.00	1.565 times
04 Mon Mar 2024	418.80	424.00	429.70	416.75	0.948 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 393.1 as stoploss in an intra day buy trade for a target of 416.14. However, stock will show a bearish move below 393.1.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	392.00
Downside Target	400.00
Upside Target	429.70
Upside Target	430.50
Upside Target	440.55
Upside Target	442.90
Upside Target	450.10
Upside Target	465.20
Upside Target	475.00
Upside Target	487.50

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	393.68
Downside Intraday Target	387.27
Upside Intraday Target	404.98
Upside Intraday Target	409.87
Downside Intraday Target	398.57

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	400.10	397.00	403.45	392.15	0.181 times
15 Fri Mar 2024	390.65	407.00	408.80	363.25	1.238 times
07 Thu Mar 2024	406.10	424.00	429.70	401.50	0.662 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

Price has moved up 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
18 Mon Mar 2024	400.10	416.35	429.70	363.25	0.22 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 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 BUY signal in short term and the buying is gaining 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 397.62 and Ponni Sugars (PONNIERODE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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.