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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 2024-08-13 View latest technical analysis

10 day averaged volume of Ponni Sugars is 52252

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	511.20	513.60	524.05	504.90	1.076 times
12 Mon Aug 2024	510.00	491.00	517.00	491.00	0.721 times
09 Fri Aug 2024	500.85	512.40	518.00	499.50	0.503 times
08 Thu Aug 2024	507.70	513.50	523.40	506.00	0.378 times
07 Wed Aug 2024	521.30	502.00	523.00	498.20	0.791 times
06 Tue Aug 2024	495.85	517.20	530.45	490.05	1.255 times
05 Mon Aug 2024	520.60	521.80	527.95	507.10	1.637 times
02 Fri Aug 2024	533.55	533.00	544.45	531.25	0.499 times
01 Thu Aug 2024	542.60	559.00	559.05	532.55	1.019 times
31 Wed Jul 2024	555.55	566.00	573.05	551.10	1.095 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 504.8 as stoploss in an intra day buy trade for a target of 526.55. However, stock will show a bearish move below 504.8.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	386.00
Downside Target	399.00
Downside Target	457.60
Downside Target	471.00
Downside Target	490.05
Downside Target	504.70
Upside Target	518.00
Upside Target	530.45
Upside Target	542.50
Upside Target	559.05
Upside Target	573.05
Upside Target	596.90
Upside Target	598.90

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	493.45
Downside Intraday Target	475.7
Upside Intraday Target	526.5
Upside Intraday Target	541.8
Downside Intraday Target	508.75

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	511.20	491.00	524.05	491.00	0.394 times
09 Fri Aug 2024	500.85	521.80	530.45	490.05	0.708 times
02 Fri Aug 2024	533.55	527.00	573.05	527.00	0.88 times
26 Fri Jul 2024	522.95	501.00	542.50	475.10	0.605 times
19 Fri Jul 2024	514.00	588.05	596.90	504.70	0.56 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
13 Tue Aug 2024	511.20	559.00	559.05	490.05	0.117 times
31 Wed Jul 2024	555.55	479.35	598.90	471.00	1.11 times
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

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 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 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 to mid 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 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 Strong 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 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 but buying is losing 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 521.05 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.