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(SANOFI) Sanofi India complete technical analysis [charts+indicators] | Buy/Sell Sanofi India | (SANOFI) share price targets

Complete technical analysis of Sanofi India (SANOFI) by charts plus indicators, forecast predictions and share price targets for Sanofi India (SANOFI)

Sanofi India trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Sanofi India is 15854

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	8719.45	8734.40	8780.00	8670.00	0.063 times
01 Fri Mar 2024	8666.05	8700.00	8775.00	8629.70	0.542 times
29 Thu Feb 2024	8613.60	8888.00	8899.95	8590.00	1.728 times
28 Wed Feb 2024	8844.95	9015.00	9015.00	8805.00	0.721 times
27 Tue Feb 2024	9000.45	9000.00	9100.00	8960.00	0.596 times
26 Mon Feb 2024	9041.70	9260.00	9260.00	8885.05	2.374 times
23 Fri Feb 2024	9134.85	9250.00	9380.00	8957.00	1.18 times
22 Thu Feb 2024	9208.85	9230.00	9230.00	9108.55	0.488 times
21 Wed Feb 2024	9197.45	9126.45	9278.00	9126.45	0.755 times
20 Tue Feb 2024	9126.45	9250.00	9284.85	9090.05	0.468 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8742.7, but if it comes above 8742.7, then a intra day buy could be more profitable.
If you take a sell trade below 8742.7, then use 8742.7 as stoploss and 8529.6 as target. However if you take a buy trade in stock , then use 8742.7 as stoploss and 8920.19 as target.

Share price targets for Sanofi India (SANOFI)

Target Type	Value
Downside Target	7525.00
Downside Target	7854.25
Downside Target	8025.60
Downside Target	8257.65
Downside Target	8590.00
Upside Target	8944.85
Upside Target	8990.00
Upside Target	9093.80
Upside Target	9099.00
Upside Target	9260.00
Upside Target	9380.00

Intraday share price targets for Sanofi India (SANOFI)

Target Type	Value
Downside Intraday Target	8452.97
Downside Intraday Target	8186.48
Upside Intraday Target	9122.97
Upside Intraday Target	9526.48
Upside Intraday Target	8856.48

Weekly technical analysis of Sanofi India (SANOFI)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	8719.45	9260.00	9260.00	8590.00	1.492 times
23 Fri Feb 2024	9134.85	8990.00	9380.00	8944.85	1.11 times
16 Fri Feb 2024	8849.45	8815.00	9099.00	8620.05	0.881 times
09 Fri Feb 2024	8813.45	8920.00	9093.80	8640.00	0.581 times
02 Fri Feb 2024	8921.65	8261.15	8990.00	8257.65	2.059 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sanofi India (SANOFI)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	8719.45	8700.00	8780.00	8629.70	0.031 times
29 Thu Feb 2024	8613.60	8690.55	9380.00	8590.00	1.063 times
31 Wed Jan 2024	8663.65	8067.55	8718.55	8025.60	0.808 times
29 Fri Dec 2023	8067.55	8050.00	8280.00	7854.25	0.899 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sanofi India (SANOFI)

Price action analysis of Sanofi India ( (SANOFI) ) 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 Sanofi India ( (SANOFI) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sanofi India ( (SANOFI) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sanofi India stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Sanofi India in short term but the sell signal is initial and weak.

Sanofi India 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sanofi India in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 Sanofi India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8954.04 and Sanofi India (SANOFI) 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 Sanofi India (SANOFI) stock. Volume based technical analysis of Sanofi India (SANOFI) stock is negative.

Sanofi India Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.