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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 2024-10-01 View latest technical analysis

10 day averaged volume of Soma Textiles is 154448

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	39.18	43.38	43.38	39.18	2.469 times
30 Mon Sep 2024	43.54	41.09	43.57	40.50	6.716 times
27 Fri Sep 2024	39.61	36.05	39.61	34.80	0.87 times
26 Thu Sep 2024	36.01	36.75	36.98	36.00	0.179 times
25 Wed Sep 2024	36.10	37.40	37.40	36.00	0.171 times
24 Tue Sep 2024	36.71	36.03	37.00	36.03	0.322 times
23 Mon Sep 2024	36.55	37.50	37.50	36.06	0.319 times
20 Fri Sep 2024	36.00	34.55	37.89	34.55	0.307 times
19 Thu Sep 2024	36.35	36.56	37.09	36.00	0.289 times
18 Wed Sep 2024	36.57	36.02	37.10	36.02	0.108 times

Stock of Soma Textiles (SOMATEX) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.7, but if it comes below 38.7, then a intra day sell could be more profitable.
If you take a sell trade below 38.7, then use 38.7 as stoploss and 36.86 as target. However if you take a buy trade in stock , then use 38.7 as stoploss and 41 as target.

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Target	27.10
Downside Target	29.25
Downside Target	32.21
Downside Target	34.55
Downside Target	36.50
Downside Target	37.50
Downside Target	39.18
Upside Target	39.61
Upside Target	42.20
Upside Target	43.38
Upside Target	43.57

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	37.72
Downside Intraday Target	36.25
Upside Intraday Target	42.11
Upside Intraday Target	45.03
Upside Intraday Target	40.64

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	39.18	41.09	43.57	39.18	4.935 times
27 Fri Sep 2024	39.61	37.50	39.61	34.80	0.953 times
20 Fri Sep 2024	36.00	37.84	37.89	34.55	0.818 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Soma Textiles (SOMATEX)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	39.18	43.38	43.38	39.18	0.147 times
30 Mon Sep 2024	43.54	36.49	43.57	34.55	2.281 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

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Soma Textiles stock for short term is BUY. Signal strength is Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Soma Textiles in short term but SELL signal is weak.

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 41.3 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.