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(SOMANYCERA) Somany Ceramics complete technical analysis [charts+indicators] | Buy/Sell Somany Ceramics | (SOMANYCERA) share price targets

Complete technical analysis of Somany Ceramics (SOMANYCERA) by charts plus indicators, forecast predictions and share price targets for Somany Ceramics (SOMANYCERA)

Somany Ceramics trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Somany Ceramics is 61131

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	630.75	615.05	640.40	615.05	0.653 times
20 Wed Mar 2024	634.50	652.35	663.95	631.00	1.773 times
19 Tue Mar 2024	662.10	610.10	688.40	608.30	4.29 times
18 Mon Mar 2024	611.35	577.80	622.80	573.20	0.409 times
15 Fri Mar 2024	581.80	590.00	595.60	572.00	0.7 times
14 Thu Mar 2024	590.20	570.50	599.55	562.80	0.303 times
13 Wed Mar 2024	570.80	605.00	606.25	561.20	0.597 times
12 Tue Mar 2024	601.25	622.30	622.30	600.00	0.473 times
11 Mon Mar 2024	619.75	625.00	625.00	608.85	0.415 times
07 Thu Mar 2024	622.55	636.05	636.90	620.05	0.367 times

My analysis of stock is bearish for shortterm, and stock might move down till 602.9 or till 566.5. Use a stoploss of 633.21 and if the stock hits stoploss, then it can shoot up till 663.55

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	573.20
Downside Target	604.30
Downside Target	625.00
Upside Target	649.05
Upside Target	688.40
Upside Target	709.70
Upside Target	726.00
Upside Target	739.00
Upside Target	755.00
Upside Target	766.55

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	573.17
Downside Intraday Target	515.58
Upside Intraday Target	688.37
Upside Intraday Target	745.98
Upside Intraday Target	630.78

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	630.75	577.80	688.40	573.20	2.863 times
15 Fri Mar 2024	581.80	625.00	625.00	561.20	1.149 times
07 Thu Mar 2024	622.55	663.00	663.00	604.30	1.628 times
02 Sat Mar 2024	663.20	678.00	682.05	649.05	0.328 times
23 Fri Feb 2024	678.70	680.00	709.70	656.40	1.519 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	630.75	657.05	688.40	561.20	0.557 times
29 Thu Feb 2024	655.10	712.00	755.00	649.05	1.474 times
31 Wed Jan 2024	708.50	720.00	739.00	661.60	0.59 times
29 Fri Dec 2023	717.20	681.95	766.55	675.60	1.269 times

Scroll below to view daily charts

Price has moved down 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 Somany Ceramics (SOMANYCERA)

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short 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.

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short to mid 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 Somany Ceramics ( (SOMANYCERA) ) 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 Somany Ceramics stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Somany Ceramics in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Somany Ceramics Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 Somany Ceramics in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 Somany Ceramics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 633.69 and Somany Ceramics (SOMANYCERA) 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 Somany Ceramics (SOMANYCERA) stock. Volume based technical analysis of Somany Ceramics (SOMANYCERA) stock is negative.

Somany Ceramics 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.