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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 2024-06-06 View latest technical analysis

10 day averaged volume of Somany Ceramics is 59342

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	722.35	736.95	739.95	717.10	0.519 times
05 Wed Jun 2024	716.45	681.75	721.15	681.70	0.725 times
04 Tue Jun 2024	678.70	721.00	727.40	657.00	1.215 times
03 Mon Jun 2024	722.00	729.00	741.95	720.00	0.629 times
31 Fri May 2024	714.90	717.35	728.40	693.55	1.097 times
30 Thu May 2024	717.45	723.70	727.00	710.00	1.313 times
29 Wed May 2024	718.85	724.35	739.40	715.15	1.085 times
28 Tue May 2024	731.65	717.50	744.40	710.00	1.671 times
27 Mon May 2024	710.45	719.35	724.45	707.90	0.483 times
24 Fri May 2024	719.35	720.05	734.25	711.25	0.829 times

My analysis of stock is bullish for shortterm, and stock might move up till 748.4 or till 802.4. Use a stoploss of 703.35 and if this stock hits its stoploss, then it can fall down till 658.34

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	672.25
Downside Intraday Target	622.15
Upside Intraday Target	757.2
Upside Intraday Target	792.05
Downside Intraday Target	707.1

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	722.35	729.00	741.95	657.00	0.547 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
06 Thu Jun 2024	722.35	729.00	741.95	657.00	0.045 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 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 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 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 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.

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 stronger in this stock.

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 and BUY signal is strong.

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 715.17 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 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.