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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.

10 day averaged volume of Somany Ceramics is 26001

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	602.05	603.00	615.75	586.60	0.743 times
18 Thu Apr 2024	606.95	601.50	611.90	600.90	0.53 times
16 Tue Apr 2024	597.95	601.00	615.75	594.15	0.889 times
15 Mon Apr 2024	603.70	604.30	616.25	592.35	1.028 times
12 Fri Apr 2024	612.30	610.00	618.00	607.70	0.847 times
10 Wed Apr 2024	615.75	615.90	628.00	609.05	1.001 times
09 Tue Apr 2024	612.65	621.65	628.00	608.50	0.883 times
08 Mon Apr 2024	618.90	631.45	631.45	614.00	0.503 times
05 Fri Apr 2024	623.65	615.00	628.00	608.00	1.206 times
04 Thu Apr 2024	615.20	622.00	627.00	609.30	1.116 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 593.4 as stoploss in an intra day buy trade for a target of 612.06. However, stock will show a bearish move below 593.4.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	573.05
Upside Target	607.70
Upside Target	649.05
Upside Target	661.60
Upside Target	675.60
Upside Target	688.40
Upside Target	739.00
Upside Target	755.00
Upside Target	766.55

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	587.02
Downside Intraday Target	571.98
Upside Intraday Target	616.67
Upside Intraday Target	631.28
Downside Intraday Target	601.63

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	602.05	604.30	616.25	586.60	0.986 times
12 Fri Apr 2024	612.30	631.45	631.45	607.70	0.344 times
05 Fri Apr 2024	623.65	584.00	628.00	583.00	1.163 times
28 Thu Mar 2024	577.35	628.00	628.55	573.05	0.46 times
22 Fri Mar 2024	628.20	577.80	688.40	573.20	3.007 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
19 Fri Apr 2024	602.05	584.00	631.45	583.00	0.425 times
28 Thu Mar 2024	577.35	657.05	688.40	561.20	0.733 times
29 Thu Feb 2024	655.10	712.00	755.00	649.05	1.474 times
31 Wed Jan 2024	708.50	720.00	739.00	661.60	0.59 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 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 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 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 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Somany Ceramics in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 611.38 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.