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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 2024-05-23 View latest technical analysis

10 day averaged volume of Somany Ceramics is 351939

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	716.50	730.30	732.45	714.00	0.161 times
22 Wed May 2024	728.60	719.95	744.75	714.10	0.268 times
21 Tue May 2024	718.70	768.60	768.60	712.95	0.567 times
18 Sat May 2024	772.90	781.95	789.20	765.10	0.089 times
17 Fri May 2024	771.00	723.50	807.85	719.75	3.756 times
16 Thu May 2024	719.75	725.05	745.30	692.00	5.116 times
15 Wed May 2024	621.10	625.00	634.95	619.00	0.03 times
14 Tue May 2024	618.90	622.55	628.95	615.10	0.054 times
13 Mon May 2024	621.15	630.00	630.00	615.00	0.033 times
10 Fri May 2024	626.15	629.75	637.40	625.00	0.034 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 714.1, but if it comes below 714.1, then a intra day sell could be more profitable.
If you take a sell trade below 714.1, then use 714.1 as stoploss and 662.42 as target. However if you take a buy trade in stock , then use 714.1 as stoploss and 776 as target.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	583.00
Downside Target	601.00
Downside Target	615.00
Downside Target	646.95
Downside Target	688.40
Downside Target	712.95
Upside Target	739.00
Upside Target	755.00
Upside Target	768.60
Upside Target	807.85

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	696.77
Downside Intraday Target	677.03
Upside Intraday Target	752.42
Upside Intraday Target	788.33
Upside Intraday Target	732.68

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	716.50	768.60	768.60	712.95	0.11 times
18 Sat May 2024	772.90	630.00	807.85	615.00	48.984 times
10 Fri May 2024	626.15	639.90	646.95	619.95	0.534 times
03 Fri May 2024	635.90	648.00	648.00	621.95	0.962 times
26 Fri Apr 2024	641.90	602.05	653.40	601.00	1.532 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
23 Thu May 2024	716.50	630.90	807.85	615.00	5.9 times
30 Tue Apr 2024	630.90	584.00	653.40	583.00	0.64 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 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 Somany Ceramics stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 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 737.91 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 positive

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