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(SOMATEX) Soma Textiles complete technical analysis [charts+indicators] | Buy/Sell Soma Textiles | (SOMATEX) share price targets

Complete technical analysis of Soma Textiles (SOMATEX) by charts plus indicators, forecast predictions and share price targets for Soma Textiles (SOMATEX)

Soma Textiles trades in NSE in Textiles sector.

Showing technical analysis as on 2024-03-27 View latest technical analysis

10 day averaged volume of Soma Textiles is 98826

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	34.50	35.90	37.10	34.30	0.915 times
26 Tue Mar 2024	36.10	37.50	37.50	35.70	0.856 times
22 Fri Mar 2024	36.55	35.50	37.50	34.00	1.328 times
21 Thu Mar 2024	35.75	37.00	37.00	34.60	1.753 times
20 Wed Mar 2024	35.25	35.25	35.25	35.25	0.414 times
19 Tue Mar 2024	33.60	33.60	33.60	33.60	0.114 times
18 Mon Mar 2024	32.00	29.05	32.00	29.05	0.692 times
15 Fri Mar 2024	30.50	31.90	31.90	30.40	0.688 times
14 Thu Mar 2024	32.00	32.10	32.85	31.70	1.126 times
13 Wed Mar 2024	33.35	36.75	36.75	33.25	2.863 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 35 as stoploss in an intra day sell trade for a target of 31.85. However, stock will show a bullish move above 35.

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Target	9.00
Downside Target	20.35
Downside Target	22.05
Downside Target	23.05
Downside Target	24.90
Downside Target	27.10
Downside Target	28.90
Downside Target	30.40
Downside Target	31.80
Downside Target	34.30
Upside Target	36.75
Upside Target	37.50

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	33.37
Downside Intraday Target	32.23
Upside Intraday Target	36.57
Upside Intraday Target	38.63
Upside Intraday Target	35.43

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	34.50	37.50	37.50	34.30	0.412 times
22 Fri Mar 2024	36.55	29.05	37.50	29.05	0.844 times
15 Fri Mar 2024	30.50	33.35	36.75	30.40	1.289 times
07 Thu Mar 2024	31.80	30.35	31.80	27.10	0.419 times
02 Sat Mar 2024	28.95	25.00	28.95	25.00	3.48 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 Soma Textiles (SOMATEX)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	34.50	27.60	37.50	27.10	1.278 times
29 Thu Feb 2024	26.30	25.70	28.90	22.40	1.846 times
06 Tue Jun 2023	27.30	23.65	27.30	23.05	0.47 times
31 Wed May 2023	22.55	24.90	24.90	20.35	0.497 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 Soma Textiles (SOMATEX)

Price action analysis of Soma Textiles ( (SOMATEX) ) 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 Soma Textiles ( (SOMATEX) ) 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 Soma Textiles ( (SOMATEX) ) 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 Soma Textiles ( (SOMATEX) ) 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 Soma Textiles stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Soma Textiles in short term but the sell signal is initial and weak.

Soma Textiles 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Soma Textiles 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

Stock of Soma Textiles is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 34.12 and Soma Textiles (SOMATEX) 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 Soma Textiles (SOMATEX) stock. Volume based technical analysis of Soma Textiles (SOMATEX) stock is negative.

Soma Textiles Stock has given negative 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.