PonniSugars -- Breakeven point #Ethanol Theme?Ponni Sugars in the verge of breakout, Fundamentals are very strong for this company with increasing sales and operating profit. price surging back post elections result. target to achieve 20% ethanol can play a major role to push this stock upwardsLongby Karthikeyanb850
PONNIERODE bullish; above 580 ? - Friday 12-July.The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation.It is purely for educational purpose.... Longby JJ_Breakouts1
PONNIERODE, support of 2 trend linesI feel this stock has support of 2 trendlines and with Stoploss of upper trend line we can add it into out portfolio for longer term.Longby STtraderrUpdated 2
another sugar stock!! ready for a move?PONNI! looks hot above 455 planning to enter at 455,k kept a gtt order 380-375 SL since its a monthly breakout 750+ TP very much possible if market doesn't turn bearishLongby mightymunnaUpdated 3
Ponni Erode: Forming inside bar on weekly time framePonni Erode is trading in a range since 4-5 weeks. Today company will announce its Q3 results also. Keep on radar. Can expect either side range breakout soon.by khulvenaveen0
Ponni Sugar: Forming multiple inside barPonni sugar is forming multiple inside bar on weekly time frame. Keep on radar for closing above 435. Seems good accumulation is going on before budget.by khulvenaveen2
Ponni Erode: Looking good on weekly time framePonni Erode is looking good on weekly time frame. Stock is consolidating and forming rounding bottom pattern. Keep on radar.by khulvenaveen0
Ponni Sugar: Offering low risk set upPonni Sugar is looking good on chart. Stock is consolidating and forming rounding bottom pattern near support levels. Keep on radar. by khulvenaveen1
Ponni Erode:Forming flag pattern on monthly time framePonni Erode is consolidating and forming flag pattern since last 1 year after breakout. Seems stock is getting ready for new journey. Keep on radar for breakout.by khulvenaveen1
PONNIERODE 1W 1DI am not a call provider, not SEBI approved person. All the charts and PnL here are for educational purposes. Consult a professional financial advisor before you invest.Longby MARKMYTRADE20170
BREAKOUT IN PONNI SUGAR 📌SWING TRADE FOR NEXT WEEK🚀 Hello guys, I am a swing trader by passion i only trade on swing stocks. 📌I post daily SWING CHARTS analysis on my trading view profile.. so let's start 📌TRADE ANALYSIS OF ponni sugar:- •Breakout of symetrical pattern on DTF with strong candle •Break counter trend line and hidden lines •Volume increases last few weeks high •Bullish trend/ make good structure also •Made good price action •Make higher highs/higher lows 📌 If you have any questions about any stock you can DM me Or comment on post 📱 📌Disclaimer:- This all chatrs analysis are only for educational purposes only I do not provide any CALL or Tips Longby UnknownUnicorn316348851
Ponni Erode Sugar : Looking good on quarterly time framePonni Erode Sugar is looking good on quarterly time frame. Stock is sustaining and consolidating above quarterly breakout level. Keep on radar.by khulvenaveen2
PONNIERODE, CMP 422Ponni Sugars Erode. 1. Triangular channel breakout and Retest. 2. Multiyear Breakout.Longby simply_charts0
Double Bottom Pattern FormationDouble Bottom Pattern Formation in Daily Chart of PONNIERODE What is Double Bottom Pattern? The double bottom pattern is a popular technical chart pattern used in financial markets, particularly in stock trading and investing. It is considered a bullish reversal pattern, signaling a potential change in the trend from a downtrend to an uptrend. The pattern consists of two significant lows (or troughs) on a price chart that are approximately at the same level, separated by a temporary peak (or high) in between. Visually, it looks like the letter "W." Here are the key characteristics of the double bottom pattern: Downtrend: The double bottom pattern occurs after a prolonged downtrend, indicating that the price of the asset has been decreasing over time. First trough: The first low point (trough) forms as the price reaches a bottom and begins to rebound slightly. Temporary peak: After the first trough, the price retraces upwards, forming a temporary peak or a small rally. Second trough: Following the temporary peak, the price declines again but typically does not fall below the level of the first trough. The price then rebounds once more, forming the second trough at a similar level to the first trough. Breakout: The confirmation of the double bottom pattern comes when the price breaks above the resistance level formed by the temporary peak between the two troughs. This breakout signals that the downtrend may have ended and a new uptrend is potentially starting. Volume: Ideally, the trading volume should show a decrease as the pattern forms and then increase when the price breaks out of the pattern. The volume pattern should generally mirror the price pattern, with a higher volume during the breakout. Traders and investors often use the double bottom pattern to identify potential buying opportunities. Once the pattern is confirmed with a breakout, they may enter a long (buy) position with a stop-loss order placed below the pattern's lowest point. The profit target can be set based on technical analysis or by measuring the pattern's height and projecting it upwards from the breakout level. As with any technical analysis pattern, it's essential to use the double bottom pattern in conjunction with other indicators and analysis tools to increase the probability of successful trades and to manage risks effectively. Moreover, like all technical patterns, the double bottom is not foolproof, and there is always a risk of false signals, so it's essential to practice prudent risk management when trading based on chart patterns. Note for everyone who came across this reference: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade. by hardeepssethiUpdated 1
PONNI SUGARS ERODE is ready to EXPLODE This is a NO BRAINER. Beautiful multi year retest at support from 2013. All you need here is Patience. Further the company fundamentals are good too. Debt Free The Co. became a zero debt entity by end Q1 FY22, while temporary surplus funds are being parked in Bank FDs, pending capex spend on its ethanol project. - Company is almost debt free. - Stock is trading at 0.76 times its book value - Company is expected to give good quarter - Debtor days have improved from 45 to 19 days. - Company's working capital requirements have reduced from 78 days to 54 days - PE Ratio is 8.6 vs its sector PE ratio of 14 - Annual Revenue rose 52%, in the last year to Rs 450 Crores. Its sector's average revenue growth for the last fiscal year was 22%. - Annual Net Profit rose 31% in the last year to Rs 38 Crores. Its sector's average net profit growth for the last fiscal year was 22.1%. - Quarterly Revenue rose 16% YoY to Rs 107 Crores. Its sector's average revenue growth YoY for the quarter was 7% - Quarterly Net profit rose 208% YoY to Rs 6 Crores. Its sector's average net profit growth YoY for the quarter was 11%. Ponni Sugars (Erode) Limited is a sugar manufacturing company. It is an associate of Seshasayee Paper and Boards Limited. It has a sugar factory at Erode (Tamilnadu) having a capacity to crush 3500 tonnes of sugarcane per day and generate 19 MW of power. Business Segments Sugar (71% of revenue) Power (12% of revenue) Longby CannySunny4
Ponni Sugars- Expansion of an extreme narrow range - High volume breakout - Bounced off the weekly swing level Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Longby johntradingwick4
ponni sugar erode - harmonics studythe chart is self explanatory with entry level and targets. note this analysis is for only educational purpose and not for any trading opportunity.by hardeepssethiUpdated 223
PONNIERODE retest about to completeHigh risk high return sugar stock. Retest is about to complete. Good stock for long term. FII has increased its stake.Longby Rohan_Hargude0
PONNIERODE - Ichimoku Bullish Breakout Stock Name - Ponni Sugars (erode) Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 530 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, share & subscribe for daily analysis. Longby nikunjbhadja1
Long term investment idea Long term investment idea PONNI SUGAR ERODE. This is good stock to hold for long term with trailing stop loss.Longby Rohan_Hargude2
Ponni Sugar _ Bullish LTH breakoutPonni Sugar looks very Attractive for Risk Takers Fundamentals : Decen, consistent on Sales, Profits, EPS, Healthy and increasing Reserves Vs Debt Free. Technicals : Bullish, Life Time High Breakout. Supported by Bullish Sector! R 1: 555 R 2: 620 R 3: 680 S : 430Longby GyanTrader_AKS0
#Ponni Sugar is on fire#Ponni Sugar CMP:388.75 @21 Dec 2022 Below 20ema exitLongby Harmonic_Pattrens3
#Ponni Sugar #Ponni Sugar CMP:388.75 @21 Dec 2022 Simple exit rule from stock. follow 20 ema. if price closed below 20ema -exit by Harmonic_Pattrens3