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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 2024-06-28 View latest technical analysis

10 day averaged volume of Ponni Sugars is 216475

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	478.45	464.80	487.90	464.80	0.396 times
27 Thu Jun 2024	462.10	483.85	492.00	458.60	0.39 times
26 Wed Jun 2024	481.60	495.40	500.50	478.80	0.234 times
25 Tue Jun 2024	495.40	493.70	503.60	483.35	0.437 times
24 Mon Jun 2024	484.60	490.85	499.20	482.00	0.387 times
21 Fri Jun 2024	491.05	499.95	509.00	486.50	0.644 times
20 Thu Jun 2024	495.10	493.80	507.95	490.05	0.857 times
19 Wed Jun 2024	492.20	486.00	504.00	470.40	1.474 times
18 Tue Jun 2024	485.30	509.00	509.00	478.35	0.452 times
14 Fri Jun 2024	496.05	497.00	518.00	492.10	1.522 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 493.1 as stoploss in an intra day sell trade for a target of 462.81. However, stock will show a bullish move above 493.1.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	386.00
Downside Target	399.00
Downside Target	411.35
Downside Target	429.70
Downside Target	452.95
Downside Target	470.40
Upside Target	487.50
Upside Target	490.25
Upside Target	503.60
Upside Target	509.00
Upside Target	518.00

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	456.83
Downside Intraday Target	435.22
Upside Intraday Target	501.83
Upside Intraday Target	525.22
Upside Intraday Target	480.22

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	478.45	490.85	503.60	458.60	0.538 times
21 Fri Jun 2024	491.05	509.00	509.00	470.40	0.413 times
14 Fri Jun 2024	496.05	445.00	518.00	440.10	7.865 times
07 Fri Jun 2024	437.35	429.00	452.95	386.00	3.47 times
31 Fri May 2024	419.25	430.35	434.60	415.60	0.702 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
28 Fri Jun 2024	478.45	429.00	518.00	386.00	4.855 times
31 Fri May 2024	419.25	446.00	457.60	400.00	0.756 times
30 Tue Apr 2024	442.65	404.85	490.25	399.00	1.481 times
28 Thu Mar 2024	402.05	416.35	429.70	363.25	0.335 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 to mid 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 mid to longer 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.

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 but the sell signal is initial and weak.

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 green color and prices are above the green 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 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 489.74 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.