Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-15 View latest technical analysis

10 day averaged volume of Soma Textiles is 595721

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	46.88	49.95	49.95	46.50	0.351 times
14 Mon Oct 2024	50.58	53.00	53.01	47.51	0.801 times
11 Fri Oct 2024	51.59	50.01	55.30	50.01	4.964 times
10 Thu Oct 2024	46.80	39.89	46.80	38.58	0.994 times
09 Wed Oct 2024	39.00	39.95	39.95	38.13	0.13 times
08 Tue Oct 2024	39.43	38.24	40.20	37.57	0.121 times
07 Mon Oct 2024	37.57	39.20	40.19	35.25	0.179 times
04 Fri Oct 2024	38.45	37.08	39.79	37.08	0.172 times
03 Thu Oct 2024	38.03	36.55	39.15	36.55	0.258 times
01 Tue Oct 2024	39.18	43.38	43.38	39.18	0.64 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.9, but if it comes below 44.9, then a intra day sell could be more profitable.
If you take a sell trade below 44.9, then use 44.9 as stoploss and 40.05 as target. However if you take a buy trade in stock , then use 44.9 as stoploss and 50.8 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	39.61
Downside Target	42.20
Downside Target	43.57
Downside Target	46.50
Upside Target	53.01
Upside Target	55.30

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	44.58
Downside Intraday Target	42.29
Upside Intraday Target	51.09
Upside Intraday Target	55.31
Upside Intraday Target	48.8

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	46.88	53.00	53.01	46.50	0.18 times
11 Fri Oct 2024	51.59	39.20	55.30	35.25	2.273 times
04 Fri Oct 2024	38.45	41.09	43.57	36.55	5.825 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

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
15 Tue Oct 2024	46.88	43.38	55.30	35.25	1.973 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 up this month, and volume has increased substantially. This means that the move can 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 tired and bears are picking up momentum.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 48.51 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.