(SONAMLTD) Sonam complete technical analysis [charts+indicators] | Buy/Sell Sonam | (SONAMLTD) share price targets
Complete technical analysis of Sonam (SONAMLTD) by charts plus indicators, forecast predictions and share price targets for Sonam (SONAMLTD)
10 day averaged volume of Sonam is 59852
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 41.30 | 42.90 | 43.35 | 40.25 | 0.611 times |
| 16 Thu May 2024 | 42.95 | 42.50 | 44.80 | 41.75 | 1.7 times |
| 15 Wed May 2024 | 40.85 | 43.50 | 43.50 | 40.20 | 0.765 times |
| 14 Tue May 2024 | 42.50 | 42.60 | 43.85 | 41.20 | 0.999 times |
| 13 Mon May 2024 | 42.60 | 42.80 | 44.15 | 41.95 | 2.106 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.7, but if it comes above 51.7, then a intra day buy could be more profitable.
If you take a sell trade below 51.7, then use 51.7 as stoploss and 29.4 as target. However if you take a buy trade in stock , then use 51.7 as stoploss and 70.25 as target.
Share price targets for Sonam (SONAMLTD)
| Target Type | Value |
| Downside Target | 40.20 |
| Upside Target | 44.80 |
| Upside Target | 72.00 |
| Upside Target | 74.00 |
| Upside Target | 75.65 |
| Upside Target | 78.00 |
| Upside Target | 80.25 |
| Upside Target | 81.90 |
| Upside Target | 84.95 |
| Upside Target | 86.95 |
| Upside Target | 90.50 |
| Upside Target | 91.70 |
| Upside Target | 95.00 |
Intraday share price targets for Sonam (SONAMLTD)
| Target Type | Value |
| Downside Intraday Target | 39.4 |
| Downside Intraday Target | 37.5 |
| Upside Intraday Target | 44 |
| Upside Intraday Target | 46.7 |
| Upside Intraday Target | 42.1 |
Weekly technical analysis of Sonam (SONAMLTD)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 41.30 | 42.80 | 44.80 | 40.20 | 1.619 times |
| 10 Fri May 2024 | 42.70 | 87.30 | 90.50 | 40.70 | 1.457 times |
| 03 Fri May 2024 | 84.25 | 83.75 | 84.95 | 78.00 | 4.394 times |
| 26 Fri Apr 2024 | 80.55 | 80.05 | 81.90 | 78.30 | 1.522 times |
| 19 Fri Apr 2024 | 79.35 | 82.75 | 82.75 | 75.65 | 0.973 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Sonam (SONAMLTD)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 41.30 | 82.60 | 90.50 | 40.20 | 2.407 times |
| 30 Tue Apr 2024 | 82.55 | 80.00 | 84.25 | 75.65 | 0.677 times |
| 28 Thu Mar 2024 | 79.35 | 80.50 | 86.95 | 74.00 | 0.427 times |
| 29 Thu Feb 2024 | 81.25 | 86.40 | 91.70 | 72.00 | 1.317 times |
Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Sonam (SONAMLTD)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 9, 54, 71 | Sell |
| MACD | -17, -11 | Sell |
| Stochastics | 3 | Sell |
| CCI | -58 | Sell |
| RSI | 28 | Sell |
| OBV | -65181 | Sell |
| VWAP | 53 | Sell |
| ADL | 0 | Sell |
| ROC | -51 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Sonam ( (SONAMLTD) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Sonam ( (SONAMLTD) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Sonam ( (SONAMLTD) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Sonam ( (SONAMLTD) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Sonam stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Sonam in short term and the sell signal is strong.
Sonam Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Sonam in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Sonam is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 52.59 and Sonam (SONAMLTD) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Sonam (SONAMLTD) stock. Volume based technical analysis of Sonam (SONAMLTD) stock is negative.
Sonam Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for further forecast and predictions for tomorrow
Stock Exchange charts NSE Stock Exchange BSE Stock Exchange USA Stock Exchange Stock Charts NSE FNO Stock Analysis
NSE Stock Exchange NSE stock market news stock intraday tips
MNC.News NASDAQ NSE BSE Money SIP
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © munafa.online2024 All Rights reserved.