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Stock analysis Ponni Sugars (Erode) Limited PONNIERODE

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Moving Averages for Ponni Sugars (Erode) Limited

  • 5Day Average: 514.65
  • 12Day Average: 536.57
  • 20Day Average: 527.37
  • 50Day Average: 483.18
  • 100Day Average: 450.35
  • 150Day Average: 442.51
  • 200Day Average: 436.25

PONNIERODE Indicators & signals

Indicator MACD (12,26,9)

523.65, 513.7, 15.33
Indicator MACD is in positive zone

Indicator ADX (14)

0.33, 19.56, 19.69
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PONNIERODE Ponni Sugars (Erode) Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 522.95 517.60 to 542.50 -1.35% 0.28 times
25 Thu Jul 2024 530.10 510.00 to 542.00 2.73% 0.54 times
24 Wed Jul 2024 516.00 501.10 to 533.65 2.77% 0.46 times
23 Tue Jul 2024 502.10 475.10 to 517.80 0% 0.69 times
23 Tue Jul 2024 502.10 475.10 to 517.80 -1.38% 0.69 times
22 Mon Jul 2024 509.15 498.00 to 519.70 -0.94% 0.73 times
19 Fri Jul 2024 514.00 504.70 to 559.75 -7.02% 1.82 times
18 Thu Jul 2024 552.80 547.60 to 575.00 -3.01% 0.78 times
16 Tue Jul 2024 569.95 561.25 to 587.95 0.97% 0.74 times
15 Mon Jul 2024 564.45 555.60 to 596.90 -3.72% 1.11 times
12 Fri Jul 2024 586.25 565.00 to 598.90 3.03% 2.44 times
11 Thu Jul 2024 569.00 519.10 to 580.00 10.08% 2.75 times

Technical analysis forecast of Ponni Sugars (Erode) Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Ponni Sugars (Erode) Limited PONNIERODE at this time. Stock is rising and might rise more.

It appears as if Ponni Sugars (Erode) Limited PONNIERODE gave a large move recently.

Stock of Ponni Sugars (Erode) Limited (PONNIERODE) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Ponni Sugars (Erode) Limited is bullish for shortterm, and stock might move up till 546.9 or till 580.3. Use a stoploss of 519.16 and if this stock hits its stoploss, then it can fall down till 491.37

More indepth analysis on MunafaSutra.com