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 bearish
Ponni 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.
Ponni 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.
Ponni 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.
I 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.
📌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...
Double 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...
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...
- 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.
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...
Ponni 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 : 430
