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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 2024-03-28 View latest technical analysis

10 day averaged volume of Somany Ceramics is 71041

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	577.35	579.00	596.65	575.00	0.776 times
27 Wed Mar 2024	578.65	602.20	609.95	573.05	1.456 times
26 Tue Mar 2024	610.30	628.00	628.55	607.00	0.728 times
22 Fri Mar 2024	628.20	630.75	644.90	625.40	0.309 times
21 Thu Mar 2024	630.75	615.05	640.40	615.05	0.562 times
20 Wed Mar 2024	634.50	652.35	663.95	631.00	1.526 times
19 Tue Mar 2024	662.10	610.10	688.40	608.30	3.691 times
18 Mon Mar 2024	611.35	577.80	622.80	573.20	0.352 times
15 Fri Mar 2024	581.80	590.00	595.60	572.00	0.602 times
14 Thu Mar 2024	590.20	570.50	599.55	562.80	0.261 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 591, but if it comes above 591, then a intra day buy could be more profitable.
If you take a sell trade below 591, then use 591 as stoploss and 557.2 as target. However if you take a buy trade in stock , then use 591 as stoploss and 619.22 as target.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	573.05
Upside Target	604.30
Upside Target	625.00
Upside Target	649.05
Upside Target	682.05
Upside Target	688.40
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	557.42
Downside Intraday Target	537.48
Upside Intraday Target	612.92
Upside Intraday Target	648.48
Upside Intraday Target	592.98

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	577.35	628.00	628.55	573.05	0.46 times
22 Fri Mar 2024	628.20	577.80	688.40	573.20	3.007 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

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 Somany Ceramics (SOMANYCERA)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	577.35	657.05	688.40	561.20	0.733 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 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 short 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Somany Ceramics in short term and the sell signal is strong.

Somany Ceramics 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Somany Ceramics in short term and SELL signal is strong!

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

Stock of Somany Ceramics is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 625.06 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 is giving positive 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.