PONNI SUGAR BUY BUY and HOLD TGT UPTO 600 fundamentally strong Technically strong So be mentally strong to hold
Ponni Sugars Erode) Limited was incorporated in the year December 1996 in the name of SPB Sugars and chemicals Ltd and later in 2000 to the present name of 'Ponni Sugars Erode Limited'.The company is the brainchild of late S Viswanathan, affectionately referred to as SV by his friends & associates, a renowned industrialist of the South. The company is an...
Lookin really good as it tends to repeat the same historic patterns just like other stocks (Eg: Shakti Pumps kolte Patil) and it might give a good move as it breaks out of the trendline with volumes Initial entry can be taken now but the safe entry would be above 437 Follow the levels for Trailing SL and Targets
PONNI SUGAR (1D) CMP 409.55 Taking Multiple support around 370 and bouncing from support line Government of India has increased price of ethanol by 5-6/liter Sugar sector is showing Turnaround Keep in Radar
Price broke above very important level and few candles sustained above resistance Now currently price is retesting the broken level On small time frames many small candles formed at retest level indicating price in not falling I have no stoploss for this Book value > CMP Div 1.27% Zero debt Low PE Sales increasing EPS increasing Entry 381.74 No stoploss Target...
**IT IS A LONGTERM IDEA** Follow the FIVE rules below: 1)Book whole profit at the target price if u want. 2)Stick to strict stoploss, exit when hit. 3)Use supertrend indicator as a trailing stoploss(if u want to ride the momentum) and sell whole quantity once it hits the supertrend. 4)Wait as long as it hits the target price. 5)Don't keep your...
The stock has formed big rounding bottom pattern. we can even see it was consolidating from many months in a zone. formed run away gap if we observe. RSI above 80 on weekly, looks overbought wait for stock to pull back or consolidation. stock is showing good strength. fibo levels drawn for longer term view. Disclaimer: just for educational purpose not a recommendation.
rising ethanol prices, high bookvalue , intrinsic value of 550, P/e 9 bullish channel breakout , above 150sma for education purposes only