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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 2024-05-31 View latest technical analysis

10 day averaged volume of Somany Ceramics is 202321

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	714.90	717.35	728.40	693.55	0.322 times
30 Thu May 2024	717.45	723.70	727.00	710.00	0.385 times
29 Wed May 2024	718.85	724.35	739.40	715.15	0.318 times
28 Tue May 2024	731.65	717.50	744.40	710.00	0.49 times
27 Mon May 2024	710.45	719.35	724.45	707.90	0.142 times
24 Fri May 2024	719.35	720.05	734.25	711.25	0.243 times
23 Thu May 2024	716.50	730.30	732.45	714.00	0.28 times
22 Wed May 2024	728.60	719.95	744.75	714.10	0.466 times
21 Tue May 2024	718.70	768.60	768.60	712.95	0.986 times
18 Sat May 2024	772.90	781.95	789.20	765.10	0.156 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 740.1 as stoploss in an intra day sell trade for a target of 686.93. However, stock will show a bullish move above 740.1.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	583.00
Downside Target	615.00
Downside Target	646.95
Downside Target	688.40
Downside Target	711.25
Upside Target	739.00
Upside Target	744.40
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	690.83
Downside Intraday Target	666.77
Upside Intraday Target	741.68
Upside Intraday Target	768.47
Upside Intraday Target	717.62

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	714.90	719.35	744.40	693.55	0.839 times
24 Fri May 2024	719.35	768.60	768.60	711.25	0.125 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

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
31 Fri May 2024	714.90	630.90	807.85	615.00	6.521 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 Weak and stock is losing momentum.

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

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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 722.95 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 positive

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