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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 2024-08-22 View latest technical analysis

10 day averaged volume of Ponni Sugars is 38716

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	522.70	534.00	545.00	521.40	0.966 times
21 Wed Aug 2024	528.95	542.55	546.00	524.30	0.536 times
20 Tue Aug 2024	540.45	532.45	544.00	520.20	1.288 times
19 Mon Aug 2024	531.10	517.95	533.75	516.30	1.75 times
16 Fri Aug 2024	509.85	510.95	513.95	500.00	0.798 times
14 Wed Aug 2024	502.10	515.95	516.20	488.80	0.946 times
13 Tue Aug 2024	511.20	513.60	524.05	504.90	1.453 times
12 Mon Aug 2024	510.00	491.00	517.00	491.00	0.973 times
09 Fri Aug 2024	500.85	512.40	518.00	499.50	0.678 times
08 Thu Aug 2024	507.70	513.50	523.40	506.00	0.51 times

My analysis of stock is bearish for shortterm, and stock might move down till 506.6 or till 484.5. Use a stoploss of 525.11 and if the stock hits stoploss, then it can shoot up till 543.58

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	488.80
Downside Target	516.30
Upside Target	527.00
Upside Target	530.45
Upside Target	542.50
Upside Target	546.00
Upside Target	559.05
Upside Target	573.05
Upside Target	598.90

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	510.67
Downside Intraday Target	498.63
Upside Intraday Target	540.37
Upside Intraday Target	558.03
Upside Intraday Target	528.33

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	522.70	517.95	546.00	516.30	1.089 times
16 Fri Aug 2024	509.85	491.00	524.05	488.80	0.677 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

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
22 Thu Aug 2024	522.70	559.00	559.05	488.80	0.186 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 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 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 gaining momentum.

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

Ponni Sugars Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Ponni Sugars in short term but SELL 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

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 518.62 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 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.