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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 2024-11-07 View latest technical analysis

10 day averaged volume of Somany Ceramics is 31581

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	677.10	678.70	683.05	668.00	0.554 times
06 Wed Nov 2024	671.35	674.00	675.00	662.85	0.43 times
05 Tue Nov 2024	670.40	654.25	675.05	647.90	0.715 times
04 Mon Nov 2024	650.95	660.00	660.00	629.55	3.081 times
01 Fri Nov 2024	651.60	650.95	661.70	630.80	0.482 times
31 Thu Oct 2024	648.15	654.00	654.00	637.05	1.402 times
30 Wed Oct 2024	652.65	649.95	659.40	646.00	0.874 times
29 Tue Oct 2024	653.25	684.00	684.00	648.70	0.913 times
28 Mon Oct 2024	673.85	660.35	685.00	645.15	0.545 times
25 Fri Oct 2024	660.35	689.10	689.10	641.10	1.33 times

My analysis of stock is bearish for shortterm, and stock might move down till 657.8 or till 631.8. Use a stoploss of 679.48 and if the stock hits stoploss, then it can shoot up till 701.15

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	629.55
Downside Target	676.95
Upside Target	693.55
Upside Target	705.40
Upside Target	716.00
Upside Target	723.90
Upside Target	736.15
Upside Target	739.90
Upside Target	788.00
Upside Target	842.45

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	643.42
Downside Intraday Target	609.73
Upside Intraday Target	696.92
Upside Intraday Target	716.73
Downside Intraday Target	663.23

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	677.10	660.00	683.05	629.55	1.134 times
01 Fri Nov 2024	651.60	660.35	685.00	630.80	1.131 times
25 Fri Oct 2024	660.35	696.20	705.40	641.10	1.65 times
18 Fri Oct 2024	701.90	723.90	723.90	691.50	0.784 times
11 Fri Oct 2024	720.25	739.90	739.90	693.55	0.58 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
07 Thu Nov 2024	677.10	650.95	683.05	629.55	0.338 times
31 Thu Oct 2024	648.15	732.20	739.90	637.05	0.824 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

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 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 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 Weak 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 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 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 656.97 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 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.