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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 2024-09-16 View latest technical analysis

10 day averaged volume of Soma Textiles is 97270

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	37.21	37.84	37.84	36.29	0.841 times
13 Fri Sep 2024	36.56	36.89	37.50	36.05	0.901 times
12 Thu Sep 2024	36.35	36.30	36.40	35.66	0.484 times
11 Wed Sep 2024	36.17	36.26	37.01	36.00	0.626 times
10 Tue Sep 2024	36.06	36.50	36.50	36.00	0.824 times
09 Mon Sep 2024	35.84	36.73	36.75	35.16	0.957 times
06 Fri Sep 2024	35.84	35.99	37.90	35.02	1.545 times
05 Thu Sep 2024	35.47	35.09	36.24	35.07	1.326 times
04 Wed Sep 2024	35.09	35.13	36.41	35.00	0.913 times
03 Tue Sep 2024	35.13	36.36	36.36	35.00	0.881 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 37.4, for a target of 36.2 or 35.2

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Target	22.40
Downside Target	27.10
Downside Target	28.90
Downside Target	32.21
Downside Target	33.11
Downside Target	35.00
Downside Target	36.50
Upside Target	37.50
Upside Target	37.84
Upside Target	37.90
Upside Target	42.20

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	36.39
Downside Intraday Target	35.56
Upside Intraday Target	37.94
Upside Intraday Target	38.66
Downside Intraday Target	37.11

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	37.21	37.84	37.84	36.29	0.222 times
13 Fri Sep 2024	36.56	36.73	37.50	35.16	0.611 times
06 Fri Sep 2024	35.84	36.49	37.90	35.00	1.291 times
30 Fri Aug 2024	35.07	34.99	35.50	33.51	1.143 times
23 Fri Aug 2024	34.17	34.40	36.19	33.11	3.385 times

Price has moved up 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
16 Mon Sep 2024	37.21	36.49	37.90	35.00	0.925 times
30 Fri Aug 2024	35.07	35.00	36.50	32.21	0.934 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

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 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 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 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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Soma Textiles in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 35.91 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 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.