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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.

10 day averaged volume of Ponni Sugars is 19870

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	416.00	411.65	418.95	411.10	0.727 times
16 Tue Apr 2024	411.65	411.70	417.80	408.85	0.548 times
15 Mon Apr 2024	413.80	417.05	423.95	399.00	1.682 times
12 Fri Apr 2024	417.35	425.95	425.95	415.55	0.833 times
10 Wed Apr 2024	422.60	427.85	429.35	420.00	0.904 times
09 Tue Apr 2024	419.80	424.80	424.80	415.00	1.248 times
08 Mon Apr 2024	417.80	421.15	422.70	416.85	0.96 times
05 Fri Apr 2024	421.15	425.70	427.45	420.00	0.692 times
04 Thu Apr 2024	426.00	432.20	440.70	422.50	0.844 times
03 Wed Apr 2024	423.85	420.15	426.45	417.45	0.95 times

My analysis of stock is bullish for shortterm, and stock might move up till 421.7 or till 431.8. Use a stoploss of 413.27 and if this stock hits its stoploss, then it can fall down till 404.85

Share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Target	363.25
Downside Target	390.00
Upside Target	423.95
Upside Target	425.05
Upside Target	429.35
Upside Target	429.70
Upside Target	430.50
Upside Target	440.70
Upside Target	442.90
Upside Target	487.50

Intraday share price targets for Ponni Sugars (PONNIERODE)

Target Type	Value
Downside Intraday Target	402.02
Downside Intraday Target	388.03
Upside Intraday Target	426.97
Upside Intraday Target	437.93
Downside Intraday Target	412.98

Weekly technical analysis of Ponni Sugars (PONNIERODE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	416.00	417.05	423.95	399.00	0.75 times
12 Fri Apr 2024	417.35	421.15	429.35	415.00	0.792 times
05 Fri Apr 2024	421.15	404.85	440.70	403.40	1.42 times
28 Thu Mar 2024	402.05	415.70	417.65	398.10	0.431 times
22 Fri Mar 2024	412.70	397.00	425.05	390.00	0.914 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
18 Thu Apr 2024	416.00	404.85	440.70	399.00	0.405 times
28 Thu Mar 2024	402.05	416.35	429.70	363.25	0.335 times
29 Thu Feb 2024	412.70	425.00	487.50	411.35	1.578 times
31 Wed Jan 2024	422.35	411.10	442.90	400.00	1.068 times

Scroll below to view daily charts

Price has moved up 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 to mid 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 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 BUY signal for Ponni Sugars in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ponni Sugars Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 418.87 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.