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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 2024-10-03 View latest technical analysis

10 day averaged volume of Soma Textiles is 181473

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	38.03	36.55	39.15	36.55	0.847 times
01 Tue Oct 2024	39.18	43.38	43.38	39.18	2.101 times
30 Mon Sep 2024	43.54	41.09	43.57	40.50	5.716 times
27 Fri Sep 2024	39.61	36.05	39.61	34.80	0.741 times
26 Thu Sep 2024	36.01	36.75	36.98	36.00	0.152 times
25 Wed Sep 2024	36.10	37.40	37.40	36.00	0.145 times
24 Tue Sep 2024	36.71	36.03	37.00	36.03	0.274 times
23 Mon Sep 2024	36.55	37.50	37.50	36.06	0.272 times
20 Fri Sep 2024	36.00	34.55	37.89	34.55	0.261 times
19 Thu Sep 2024	36.35	36.56	37.09	36.00	0.246 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 38.8 as stoploss in an intra day sell trade for a target of 37.01. However, stock will show a bullish move above 38.8.

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	37.89
Downside Target	37.90
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	35.2
Downside Intraday Target	32.36
Upside Intraday Target	42.22
Upside Intraday Target	46.4
Upside Intraday Target	39.38

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	38.03	41.09	43.57	36.55	5.47 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
03 Thu Oct 2024	38.03	43.38	43.38	36.55	0.206 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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

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 41.08 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.