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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 2024-04-05 View latest technical analysis

10 day averaged volume of Soma Textiles is 66435

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	32.85	33.50	34.00	32.60	0.324 times
04 Thu Apr 2024	33.20	33.20	34.55	33.05	0.245 times
03 Wed Apr 2024	33.50	33.95	33.95	33.00	0.32 times
02 Tue Apr 2024	33.95	34.35	35.25	33.25	0.572 times
01 Mon Apr 2024	34.05	34.90	35.10	32.90	0.634 times
28 Thu Mar 2024	33.60	35.90	35.90	33.30	0.396 times
27 Wed Mar 2024	34.50	35.90	37.10	34.30	1.362 times
26 Tue Mar 2024	36.10	37.50	37.50	35.70	1.273 times
22 Fri Mar 2024	36.55	35.50	37.50	34.00	1.975 times
21 Thu Mar 2024	35.75	37.00	37.00	34.60	2.607 times

My analysis of stock is bearish for shortterm, and stock might move down till 31.9 or till 29.9. Use a stoploss of 33.56 and if the stock hits stoploss, then it can shoot up till 35.22

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Target	20.35
Downside Target	22.40
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	32.60
Upside Target	33.30
Upside Target	35.25
Upside Target	36.75
Upside Target	37.50

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	31.88
Downside Intraday Target	30.92
Upside Intraday Target	34.53
Upside Intraday Target	36.22
Upside Intraday Target	33.57

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	32.85	34.90	35.25	32.60	0.691 times
28 Thu Mar 2024	33.60	37.50	37.50	33.30	0.474 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

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
05 Fri Apr 2024	32.85	34.90	35.25	32.60	0.09 times
28 Thu Mar 2024	33.60	27.60	37.50	27.10	1.3 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

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 Soma Textiles (SOMATEX)

Price action analysis of Soma Textiles ( (SOMATEX) ) 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 Soma Textiles ( (SOMATEX) ) 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 Soma Textiles ( (SOMATEX) ) 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 Soma Textiles stock for short term is SELL. 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Soma Textiles 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 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 35.24 and Soma Textiles (SOMATEX) 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 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.