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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 2024-06-12 View latest technical analysis

10 day averaged volume of Somany Ceramics is 58102

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	722.60	734.00	735.00	719.05	1.472 times
11 Tue Jun 2024	726.85	732.25	734.00	713.25	1.069 times
10 Mon Jun 2024	730.30	735.00	762.00	725.90	1.591 times
07 Fri Jun 2024	725.55	723.15	733.65	720.00	0.618 times
06 Thu Jun 2024	722.35	736.95	739.95	717.10	0.53 times
05 Wed Jun 2024	716.45	681.75	721.15	681.70	0.74 times
04 Tue Jun 2024	678.70	721.00	727.40	657.00	1.241 times
03 Mon Jun 2024	722.00	729.00	741.95	720.00	0.642 times
31 Fri May 2024	714.90	717.35	728.40	693.55	1.12 times
30 Thu May 2024	717.45	723.70	727.00	710.00	1.341 times

My analysis of stock is bearish for shortterm, and stock might move down till 705.1 or till 682.2. Use a stoploss of 724.25 and if the stock hits stoploss, then it can shoot up till 743.36

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	583.00
Downside Target	615.00
Downside Target	649.05
Downside Target	688.40
Downside Target	711.25
Upside Target	741.95
Upside Target	755.00
Upside Target	762.00
Upside Target	768.60
Upside Target	807.85

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	703.23
Downside Intraday Target	683.87
Upside Intraday Target	751.98
Upside Intraday Target	781.37
Upside Intraday Target	732.62

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	722.60	735.00	762.00	713.25	1.096 times
07 Fri Jun 2024	725.55	729.00	741.95	657.00	0.654 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

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
12 Wed Jun 2024	722.60	729.00	762.00	657.00	0.114 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 neutral. A longer time frame might give a better analysis.

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 neutral. A longer time frame might give a better analysis.

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 gaining 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. 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 buy signal for Somany Ceramics in short term and BUY 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 717.15 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.