Price and trend forecast of PONNIERODE for Tomorrow, Weekly, Monthly
Ponni Sugars (Erode) Limited
Symbol: NSE:PONNIERODE
ISIN: INE838E01017
416.85
As on 2024-12-26
PONNIERODE's Today's Performance
Ponni Sugars (Erode) Limited started the day by opening at 407.00 today 2024-12-26. Its shares reached a high of 419.00 and dipped to a low of 407.00 in intraday. When the markets closed, PONNIERODE’s stock price settled at ₹416.85 per share. Also check out its key support and resistance levels.
PONNIERODE Buy/Sell Targets
Tomorrow, buy PONNIERODE when its price reaches ₹ 416.85 with a stop-loss order at ₹ 411.34. You can set the target price as ₹ 422.36 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of PONNIERODE for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for PONNIERODE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 422 |
| Tomorrow Down Target 2 | 426 |
| Tomorrow Down Target 3 | 434 |
Important Levels for PONNIERODE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 410 |
| Tomorrow Up Target 2 | 402 |
| Tomorrow Up Target 3 | 398 |
Based on where the stock opens tomorrow, if PONNIERODE opens on a positive note, our first target will be ₹422. If Target 1 is achieved, we will aim for Target 2 which is ₹426.
But if PONNIERODE falls below the average value of ₹414.28, you can enter a sell side position with target number 1 - ₹410 and second target - ₹402 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of PONNIERODE
Looking at PONNIERODE, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, PONNIERODE has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for PONNIERODE is strong bearish.
Tomorrow's Volume based share price Forecast for PONNIERODE
PONNIERODE's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 19%.
Reversal detection for PONNIERODE
PONNIERODE may trend may continue to be bullish since stock is making higher highs and we can get target of ₹413 in morning tomorrow
| Target 1 tomorrow | 419 |
| Target 2 tomorrow | 422 |
| Target 3 tomorrow | 426 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with PONNIERODE's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if PONNIERODE opens on a positive note, our first target will be ₹421.57. If Target 1 is achieved, we will aim for Target 2 which is ₹426.28.
But if PONNIERODE falls below the average value of ₹414.28, you can enter a sell side position with target number 1 - ₹409.57 and second target - ₹402.28
PONNIERODE's Weekly Targets
| 1st Up Target | 424.17 |
| 2nd Up Target | 431.48 |
| 1st Down Target | 408.27 |
| 2nd Down Target | 399.68 |
As the week for PONNIERODE ended on bullish sentiments, we can expect further continuation of this sentiment. PONNIERODE's initial target will be 424.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 408.27 in the upcoming week.
Weekly OHLC Values
| Open | 414.80 |
| High | 422.90 |
| Low | 407.00 |
| Close | 416.85 |
Week for PONNIERODE started with an open price of 414.80, and the close was at 416.85. PONNIERODE reached the highest of 422.90 and dipped lowest up to 407.00 last week. This indicates a bullish sentiment for the week.
PONNIERODE full month swing targets
| Monthly Up Target 1 | 440.07 |
| Monthly Up Target 2 | 447.38 |
| Monthly Down Target 1 | 392.37 |
| Monthly Down Target 2 | 367.88 |
Targets of ₹440.07 can be expected to be reached in the coming month. Once PONNIERODE achieved this target, we can aim for the next upside target of ₹447.38.
PONNIERODE if fails to hold upside, down targets of ₹392.37 and ₹367.88 can be achieved by end of this month.
For complete three weeks if PONNIERODE is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as PONNIERODE
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
PONNIERODE is expected to reach the target of 421.57 in tomorrow's trading session.
After achieving the initial target in PONNIERODE, we will aim for higher targets of 426.28 tomorrow.
However, if PONNIERODE starts to trade below ₹414.28, then we will shift our focus to the sell side and aim for down targets of 409.57 and 402.28.