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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 2024-04-15 View latest technical analysis

10 day averaged volume of Somany Ceramics is 38365

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	603.70	604.30	616.25	592.35	0.696 times
12 Fri Apr 2024	612.30	610.00	618.00	607.70	0.574 times
10 Wed Apr 2024	615.75	615.90	628.00	609.05	0.678 times
09 Tue Apr 2024	612.65	621.65	628.00	608.50	0.599 times
08 Mon Apr 2024	618.90	631.45	631.45	614.00	0.341 times
05 Fri Apr 2024	623.65	615.00	628.00	608.00	0.817 times
04 Thu Apr 2024	615.20	622.00	627.00	609.30	0.756 times
03 Wed Apr 2024	613.35	602.55	622.30	598.45	1.353 times
02 Tue Apr 2024	602.55	603.30	617.80	594.55	1.851 times
01 Mon Apr 2024	594.40	584.00	602.00	583.00	1.593 times

My analysis of stock is bearish for shortterm, and stock might move down till 590.9 or till 566.9. Use a stoploss of 610.88 and if the stock hits stoploss, then it can shoot up till 630.86

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	573.05
Upside Target	607.70
Upside Target	649.05
Upside Target	661.60
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	591.95
Downside Intraday Target	580.2
Upside Intraday Target	615.85
Upside Intraday Target	628
Upside Intraday Target	604.1

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	603.70	604.30	616.25	592.35	0.318 times
12 Fri Apr 2024	612.30	631.45	631.45	607.70	0.344 times
05 Fri Apr 2024	623.65	584.00	628.00	583.00	1.163 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

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
15 Mon Apr 2024	603.70	584.00	631.45	583.00	0.367 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 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 Weak and stock is gaining momentum.

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

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 tired and bears are picking up momentum.

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

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 608.54 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.