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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 2024-10-16 View latest technical analysis

10 day averaged volume of Ponni Sugars is 22530

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	470.35	470.50	476.90	465.00	0.927 times
15 Tue Oct 2024	470.15	470.00	479.95	469.20	0.674 times
14 Mon Oct 2024	469.75	476.00	477.90	467.75	0.657 times
11 Fri Oct 2024	472.95	474.65	481.50	470.45	0.386 times
10 Thu Oct 2024	474.85	475.40	477.85	470.25	0.466 times
09 Wed Oct 2024	472.50	471.60	481.95	471.15	0.658 times
08 Tue Oct 2024	474.25	458.50	478.00	458.50	0.716 times
07 Mon Oct 2024	462.05	485.00	492.80	457.90	1.374 times
04 Fri Oct 2024	484.00	499.90	502.00	482.00	0.829 times
03 Thu Oct 2024	493.35	498.00	509.25	487.00	1.265 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 465.5 as stoploss in an intra day buy trade for a target of 478.39. However, stock will show a bearish move below 465.5.

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	386.00
Downside Target	451.05
Upside Target	488.80
Upside Target	492.80
Upside Target	513.40
Upside Target	513.45
Upside Target	518.00
Upside Target	524.40
Upside Target	561.00
Upside Target	598.90

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	463.58
Downside Intraday Target	456.82
Upside Intraday Target	478.53
Upside Intraday Target	486.72
Upside Intraday Target	471.77

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	470.35	476.00	479.95	465.00	0.627 times
11 Fri Oct 2024	472.95	485.00	492.80	457.90	0.51 times
04 Fri Oct 2024	484.00	510.00	513.40	482.00	0.389 times
27 Fri Sep 2024	497.50	477.00	513.45	467.55	2.573 times
20 Fri Sep 2024	473.25	476.00	488.00	451.05	0.909 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
16 Wed Oct 2024	470.35	494.25	513.40	457.90	0.218 times
30 Mon Sep 2024	499.25	523.40	524.40	451.05	1.043 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Ponni Sugars ( (PONNIERODE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 gaining momentum.

MACD generated a SELL signal for Ponni Sugars in short term and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Ponni Sugars in short term and SELL 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 474.85 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 negative.

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