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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 2024-08-27 View latest technical analysis

10 day averaged volume of Soma Textiles is 58297

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	33.83	34.40	34.78	33.51	0.545 times
26 Mon Aug 2024	34.19	34.99	35.00	33.75	0.904 times
23 Fri Aug 2024	34.17	34.85	34.85	33.11	1.285 times
22 Thu Aug 2024	33.53	35.00	35.00	33.25	1.839 times
21 Wed Aug 2024	34.00	34.59	34.59	33.52	0.403 times
20 Tue Aug 2024	33.91	34.70	35.98	33.64	1.795 times
19 Mon Aug 2024	34.70	34.40	36.19	34.11	1.699 times
16 Fri Aug 2024	33.94	35.10	35.10	33.11	0.39 times
14 Wed Aug 2024	33.59	35.00	35.00	33.50	0.777 times
13 Tue Aug 2024	33.92	34.15	34.39	33.66	0.707 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 33.1 as stoploss in an intra day buy trade for a target of 34.91. However, stock will show a bearish move below 33.1.

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	32.21
Downside Target	33.02
Upside Target	34.80
Upside Target	36.19
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	33.23
Downside Intraday Target	32.62
Upside Intraday Target	34.72
Upside Intraday Target	35.6
Upside Intraday Target	34.11

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	33.83	34.99	35.00	33.51	0.206 times
23 Fri Aug 2024	34.17	34.40	36.19	33.11	3.385 times
16 Fri Aug 2024	33.94	35.10	35.10	33.02	0.855 times
09 Fri Aug 2024	34.70	35.00	36.50	32.21	0.159 times
26 Fri Apr 2024	38.20	34.80	42.20	34.80	10.067 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 Tue Aug 2024	33.83	35.00	36.50	32.21	0.619 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 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 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 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 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 weakening, and bulls 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 and the buying is gaining 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 34.01 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.