#Ponni Sugar CMP:388.75 @21 Dec 2022 Below 20ema exit
#Ponni Sugar CMP:388.75 @21 Dec 2022 Simple exit rule from stock. follow 20 ema. if price closed below 20ema -exit
10 Years #Multiyear Rectangle Consolidation #Breakout at #PONNIERODE {Ponni Sugars (Erode) Ltd} Weekly Chart. Its #Outperformed #Nifty. BSE: 532460 NSE : PONNIERODE What Is a Rectangle? A rectangle is a pattern that occurs on price charts. A rectangle is formed when the price reaches the same horizontal support and resistance levels multiple times. The price...
bounced from demand zone , could expect good up move from here expected targets are 340 and 380.
Ponnie sugar is showing good price action from last 3-4 weeks. Price is sustaining above from weekly gap up also. Keep on radar. Seems it may test all time high soon if remains above weekly gap.
NSE:PONNIERODE shows a high volume breakout above the Gann Box. Volume is super. After the earnings, the stock was trading higher, was consolidating and now ready to breakout. Trade:
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 292 #This is not Buy and Sell recommendation to any one. This is for...
ponnie sugars erode expected behaviour, this is for educational purpose only
Ponnierode has formed Cup and handle pattern along with bull Flag. The target(T1) will be high of the flag.