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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 2024-08-05 View latest technical analysis

10 day averaged volume of Soma Textiles is 99497

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	33.40	35.00	36.50	33.40	0.254 times
26 Fri Apr 2024	38.20	42.20	42.20	38.20	4.89 times
25 Thu Apr 2024	40.20	40.20	40.20	39.10	3.431 times
24 Wed Apr 2024	38.30	38.30	38.30	38.30	0.226 times
23 Tue Apr 2024	36.50	36.50	36.50	36.50	0.232 times
22 Mon Apr 2024	34.80	34.80	34.80	34.80	0.176 times
19 Fri Apr 2024	33.15	33.15	33.15	33.15	0.43 times
18 Thu Apr 2024	31.60	30.10	31.60	30.10	0.084 times
16 Tue Apr 2024	30.10	30.00	31.00	29.25	0.202 times
15 Mon Apr 2024	30.40	31.95	31.95	30.25	0.174 times

My analysis of stock is bearish for shortterm, and stock might move down till 31.1 or till 28. Use a stoploss of 33.76 and if the stock hits stoploss, then it can shoot up till 36.37

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Target	22.40
Downside Target	23.05
Downside Target	27.10
Downside Target	28.90
Downside Target	31.05
Downside Target	32.60
Upside Target	34.80
Upside Target	35.25
Upside Target	36.50
Upside Target	37.50
Upside Target	42.20

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	32.37
Downside Intraday Target	31.33
Upside Intraday Target	35.47
Upside Intraday Target	37.53
Upside Intraday Target	34.43

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	33.40	35.00	36.50	33.40	0.028 times
26 Fri Apr 2024	38.20	34.80	42.20	34.80	10.067 times
19 Fri Apr 2024	33.15	31.95	33.15	29.25	0.87 times
12 Fri Apr 2024	31.55	33.50	33.85	31.05	0.731 times
05 Fri Apr 2024	32.85	34.90	35.25	32.60	0.691 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 Mon Aug 2024	33.40	35.00	36.50	33.40	0.021 times
26 Fri Apr 2024	38.20	34.90	42.20	29.25	0.794 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

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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Soma Textiles in short term and the buy signal is strong.

Soma Textiles 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 tired and bears are picking up momentum.

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 but buying is losing 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 38.1 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 is giving positive 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.