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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 2024-08-06 View latest technical analysis

10 day averaged volume of Soma Textiles is 100482

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	33.63	33.40	34.80	32.21	0.209 times
05 Mon Aug 2024	33.40	35.00	36.50	33.40	0.251 times
26 Fri Apr 2024	38.20	42.20	42.20	38.20	4.842 times
25 Thu Apr 2024	40.20	40.20	40.20	39.10	3.397 times
24 Wed Apr 2024	38.30	38.30	38.30	38.30	0.224 times
23 Tue Apr 2024	36.50	36.50	36.50	36.50	0.23 times
22 Mon Apr 2024	34.80	34.80	34.80	34.80	0.174 times
19 Fri Apr 2024	33.15	33.15	33.15	33.15	0.425 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	0.2 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	32.21
Upside Target	33.85
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	31.73
Downside Intraday Target	29.82
Upside Intraday Target	36.02
Upside Intraday Target	38.4
Upside Intraday Target	34.11

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	33.63	35.00	36.50	32.21	0.052 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
06 Tue Aug 2024	33.63	35.00	36.50	32.21	0.038 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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. 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 moving up

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 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 38.14 and Soma Textiles (SOMATEX) stock is trading below this level. This means that stock is falling with high volumes. 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 is giving positive 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.