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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 2024-06-18 View latest technical analysis

10 day averaged volume of Somany Ceramics is 65252

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	741.90	736.80	748.55	727.05	1.191 times
14 Fri Jun 2024	728.85	740.25	745.90	724.05	1.534 times
13 Thu Jun 2024	730.50	725.80	752.45	725.00	1.429 times
12 Wed Jun 2024	722.60	734.00	735.00	719.05	1.31 times
11 Tue Jun 2024	726.85	732.25	734.00	713.25	0.952 times
10 Mon Jun 2024	730.30	735.00	762.00	725.90	1.416 times
07 Fri Jun 2024	725.55	723.15	733.65	720.00	0.55 times
06 Thu Jun 2024	722.35	736.95	739.95	717.10	0.472 times
05 Wed Jun 2024	716.45	681.75	721.15	681.70	0.659 times
04 Tue Jun 2024	678.70	721.00	727.40	657.00	1.105 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 733.2, but if it comes below 733.2, then a intra day sell could be more profitable.
If you take a sell trade below 733.2, then use 733.2 as stoploss and 721.13 as target. However if you take a buy trade in stock , then use 733.2 as stoploss and 747.7 as target.

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	748.55
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	729.78
Downside Intraday Target	717.67
Upside Intraday Target	751.28
Upside Intraday Target	760.67
Downside Intraday Target	739.17

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	741.90	736.80	748.55	727.05	0.179 times
14 Fri Jun 2024	728.85	735.00	762.00	713.25	1.978 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

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
18 Tue Jun 2024	741.90	729.00	762.00	657.00	0.181 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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

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 723.33 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.