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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 2024-09-16 View latest technical analysis

10 day averaged volume of Ponni Sugars is 51665

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	478.15	476.00	488.00	476.00	0.817 times
13 Fri Sep 2024	469.25	473.10	478.70	467.30	0.483 times
12 Thu Sep 2024	469.40	475.55	480.25	466.00	0.6 times
11 Wed Sep 2024	469.95	482.80	487.00	465.05	0.485 times
10 Tue Sep 2024	482.80	473.20	487.00	472.25	1.182 times
09 Mon Sep 2024	467.65	469.40	474.80	459.05	0.637 times
06 Fri Sep 2024	468.70	484.90	485.35	459.85	1.626 times
05 Thu Sep 2024	484.90	488.95	492.45	483.10	0.68 times
04 Wed Sep 2024	485.30	480.15	494.15	478.05	1.171 times
03 Tue Sep 2024	481.45	495.75	499.50	479.05	1.428 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 473.5 as stoploss in an intra day buy trade for a target of 496.25. However, stock will show a bearish move below 473.5.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	386.00
Downside Target	400.00
Downside Target	457.60
Downside Target	471.00
Upside Target	487.00
Upside Target	502.00
Upside Target	515.05
Upside Target	524.40
Upside Target	546.00
Upside Target	561.00
Upside Target	598.90

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	473.43
Downside Intraday Target	468.72
Upside Intraday Target	485.43
Upside Intraday Target	492.72
Upside Intraday Target	480.72

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	478.15	476.00	488.00	476.00	0.241 times
13 Fri Sep 2024	469.25	469.40	487.00	459.05	0.512 times
06 Fri Sep 2024	468.70	523.40	524.40	459.85	0.867 times
30 Fri Aug 2024	521.40	524.00	561.00	502.00	1.882 times
23 Fri Aug 2024	519.80	517.95	546.00	515.05	1.297 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
16 Mon Sep 2024	478.15	523.40	524.40	459.05	0.516 times
30 Fri Aug 2024	521.40	559.00	561.00	488.80	0.308 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 Weak 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 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 476.79 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 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 negative.

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