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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 2024-10-04 View latest technical analysis

10 day averaged volume of Somany Ceramics is 34466

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	729.10	724.00	735.00	705.00	1.137 times
03 Thu Oct 2024	724.60	738.00	739.30	717.25	0.758 times
01 Tue Oct 2024	735.60	732.20	739.00	724.50	0.829 times
30 Mon Sep 2024	728.55	703.00	736.15	691.30	1.828 times
27 Fri Sep 2024	701.10	704.00	711.05	695.55	0.337 times
26 Thu Sep 2024	704.85	724.15	724.15	701.00	0.367 times
25 Wed Sep 2024	720.50	717.20	724.00	710.10	0.487 times
24 Tue Sep 2024	713.60	689.20	725.00	683.30	2.466 times
23 Mon Sep 2024	700.15	727.80	729.45	676.95	1.389 times
20 Fri Sep 2024	727.80	729.80	730.85	716.05	0.523 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 727.2, but if it comes below 727.2, then a intra day sell could be more profitable.
If you take a sell trade below 727.2, then use 727.2 as stoploss and 717.73 as target. However if you take a buy trade in stock , then use 727.2 as stoploss and 738.5 as target.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	657.00
Downside Target	676.95
Upside Target	729.80
Upside Target	730.85
Upside Target	731.60
Upside Target	736.15
Upside Target	739.30
Upside Target	788.00
Upside Target	842.45
Upside Target	872.60

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	700.5
Downside Intraday Target	671.9
Upside Intraday Target	748.5
Upside Intraday Target	767.9
Downside Intraday Target	719.9

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	729.10	703.00	739.30	691.30	0.902 times
27 Fri Sep 2024	701.10	727.80	729.45	676.95	1.541 times
20 Fri Sep 2024	727.80	729.45	730.85	710.25	0.871 times
13 Fri Sep 2024	725.80	711.95	729.80	697.20	1.105 times
06 Fri Sep 2024	709.35	723.70	731.60	702.95	0.756 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
04 Fri Oct 2024	729.10	732.20	739.30	705.00	0.157 times
30 Mon Sep 2024	728.55	723.70	736.15	676.95	0.634 times
30 Fri Aug 2024	720.05	779.55	788.00	688.00	0.69 times
31 Wed Jul 2024	775.65	836.90	842.45	716.00	0.556 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Somany Ceramics in short term but the buy 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Somany Ceramics in short term but SELL signal is weak.

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 719.15 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 negative.

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