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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 2024-10-10 View latest technical analysis

10 day averaged volume of Somany Ceramics is 25851

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	716.85	714.60	726.00	709.55	0.375 times
09 Wed Oct 2024	710.90	709.00	718.45	703.60	0.991 times
08 Tue Oct 2024	715.85	706.80	719.00	700.30	0.364 times
07 Mon Oct 2024	703.25	739.90	739.90	693.55	0.988 times
04 Fri Oct 2024	729.10	724.00	735.00	705.00	1.515 times
03 Thu Oct 2024	724.60	738.00	739.30	717.25	1.011 times
01 Tue Oct 2024	735.60	732.20	739.00	724.50	1.106 times
30 Mon Sep 2024	728.55	703.00	736.15	691.30	2.437 times
27 Fri Sep 2024	701.10	704.00	711.05	695.55	0.45 times
26 Thu Sep 2024	704.85	724.15	724.15	701.00	0.489 times

My analysis of stock is bearish for shortterm, and stock might move down till 707.8 or till 696. Use a stoploss of 717.58 and if the stock hits stoploss, then it can shoot up till 727.38

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	736.15
Upside Target	739.30
Upside Target	739.90
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	693.63
Downside Intraday Target	670.42
Upside Intraday Target	739.98
Upside Intraday Target	763.12
Downside Intraday Target	716.77

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	716.85	739.90	739.90	693.55	0.448 times
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

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
10 Thu Oct 2024	716.85	732.20	739.90	693.55	0.275 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 down 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 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Somany Ceramics stock for short term is SELL. Signal strength is Strong and stock is losing 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 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 red color and prices are in or above the red 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 SELL signal in short term and selling is picking up 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 721.27 and Somany Ceramics (SOMANYCERA) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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