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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 2024-03-26 View latest technical analysis

10 day averaged volume of Ponni Sugars is 33902

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	412.05	415.70	417.65	411.00	0.708 times
22 Fri Mar 2024	412.70	415.45	416.95	410.10	0.641 times
21 Thu Mar 2024	411.95	420.00	425.05	409.50	1.802 times
20 Wed Mar 2024	401.95	396.20	405.70	390.00	0.924 times
19 Tue Mar 2024	393.55	400.00	402.00	391.95	0.46 times
18 Mon Mar 2024	400.10	397.00	403.45	392.15	0.948 times
15 Fri Mar 2024	390.65	391.80	394.60	384.10	0.568 times
14 Thu Mar 2024	392.15	367.05	396.90	363.25	0.958 times
13 Wed Mar 2024	373.55	390.80	392.90	370.05	1.467 times
12 Tue Mar 2024	387.00	400.50	407.40	385.05	1.332 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 417.8 as stoploss in an intra day sell trade for a target of 405.3. However, stock will show a bullish move above 417.8.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	390.00
Downside Target	400.00
Upside Target	425.05
Upside Target	429.70
Upside Target	430.50
Upside Target	442.90
Upside Target	450.10
Upside Target	465.20
Upside Target	487.50

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	409.48
Downside Intraday Target	406.92
Upside Intraday Target	416.13
Upside Intraday Target	420.22
Upside Intraday Target	413.57

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	412.05	415.70	417.65	411.00	0.148 times
22 Fri Mar 2024	412.70	397.00	425.05	390.00	0.914 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

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
26 Tue Mar 2024	412.05	416.35	429.70	363.25	0.308 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 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.

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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Ponni Sugars in short term but the buy signal is initial and weak.

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

Ponni Sugars Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Ponni Sugars in short term and BUY signal is strong.

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

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 396.76 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 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.