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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 2024-06-05 View latest technical analysis

10 day averaged volume of Somany Ceramics is 64476

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	716.45	681.75	721.15	681.70	0.667 times
04 Tue Jun 2024	678.70	721.00	727.40	657.00	1.118 times
03 Mon Jun 2024	722.00	729.00	741.95	720.00	0.579 times
31 Fri May 2024	714.90	717.35	728.40	693.55	1.009 times
30 Thu May 2024	717.45	723.70	727.00	710.00	1.209 times
29 Wed May 2024	718.85	724.35	739.40	715.15	0.998 times
28 Tue May 2024	731.65	717.50	744.40	710.00	1.538 times
27 Mon May 2024	710.45	719.35	724.45	707.90	0.444 times
24 Fri May 2024	719.35	720.05	734.25	711.25	0.763 times
23 Thu May 2024	716.50	730.30	732.45	714.00	0.878 times

My analysis of stock is bullish for shortterm, and stock might move up till 746.2 or till 803.2. Use a stoploss of 698.71 and if this stock hits its stoploss, then it can fall down till 651.2

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	741.95
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	668.32
Downside Intraday Target	620.18
Upside Intraday Target	753.27
Upside Intraday Target	790.08
Downside Intraday Target	705.13

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	716.45	729.00	741.95	657.00	0.455 times
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

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
05 Wed Jun 2024	716.45	729.00	741.95	657.00	0.038 times
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

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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 but the sell 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green 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 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 714.93 and Somany Ceramics (SOMANYCERA) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.