Ponni Sugars (Erode) Limited is an Indian firm specializing in the production and sale of sugar and its associated by-products. Their product range encompasses sugar, bagasse, molasses, and power generation.

The company’s stock prices are currently undergoing a retest of the peak of an eight-and-a-half-year long descending symmetrical triangle pattern. The fact that it is exhibiting strength at this particular juncture serves as the primary rationale for choosing this chart.