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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 2024-04-02 View latest technical analysis

10 day averaged volume of Somany Ceramics is 77167

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	602.55	603.30	617.80	594.55	0.92 times
01 Mon Apr 2024	594.40	584.00	602.00	583.00	0.792 times
28 Thu Mar 2024	577.35	579.00	596.65	575.00	0.715 times
27 Wed Mar 2024	578.65	602.20	609.95	573.05	1.34 times
26 Tue Mar 2024	610.30	628.00	628.55	607.00	0.67 times
22 Fri Mar 2024	628.20	630.75	644.90	625.40	0.284 times
21 Thu Mar 2024	630.75	615.05	640.40	615.05	0.517 times
20 Wed Mar 2024	634.50	652.35	663.95	631.00	1.405 times
19 Tue Mar 2024	662.10	610.10	688.40	608.30	3.398 times
18 Mon Mar 2024	611.35	577.80	622.80	573.20	0.324 times

My analysis of stock is bearish for shortterm, and stock might move down till 587.5 or till 556.1. Use a stoploss of 613.61 and if the stock hits stoploss, then it can shoot up till 639.74

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	573.05
Upside Target	604.30
Upside Target	617.80
Upside Target	649.05
Upside Target	663.00
Upside Target	675.60
Upside Target	688.40
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	584.43
Downside Intraday Target	566.32
Upside Intraday Target	619.23
Upside Intraday Target	635.92
Downside Intraday Target	601.12

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	602.55	584.00	617.80	583.00	0.628 times
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

Price has moved up 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
02 Tue Apr 2024	602.55	584.00	617.80	583.00	0.137 times
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

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 Somany Ceramics (SOMANYCERA)

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Weak and stock is losing momentum.

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

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

Somany Ceramics Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Somany Ceramics 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 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 623.84 and Somany Ceramics (SOMANYCERA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.