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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 2024-10-23 View latest technical analysis

10 day averaged volume of Soma Textiles is 494408

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	45.86	38.21	45.86	37.31	0.71 times
22 Tue Oct 2024	38.22	41.65	41.71	37.96	0.24 times
21 Mon Oct 2024	41.62	44.45	45.37	41.25	0.199 times
18 Fri Oct 2024	44.36	47.16	47.50	43.24	0.265 times
17 Thu Oct 2024	46.17	45.58	47.90	45.58	0.221 times
16 Wed Oct 2024	45.58	46.99	48.00	44.52	0.351 times
15 Tue Oct 2024	46.88	49.95	49.95	46.50	0.423 times
14 Mon Oct 2024	50.58	53.00	53.01	47.51	0.965 times
11 Fri Oct 2024	51.59	50.01	55.30	50.01	5.981 times
10 Thu Oct 2024	46.80	39.89	46.80	38.58	1.198 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 46.8 as stoploss in an intra day sell trade for a target of 42.23. However, stock will show a bullish move above 46.8.

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	37.31
Downside Target	39.61
Downside Target	42.20
Downside Target	43.24
Downside Target	43.57
Downside Target	45.86
Upside Target	53.01
Upside Target	55.30

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	40.16
Downside Intraday Target	34.46
Upside Intraday Target	48.71
Upside Intraday Target	51.56
Downside Intraday Target	43.01

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	45.86	44.45	45.86	37.31	0.517 times
18 Fri Oct 2024	44.36	53.00	53.01	43.24	0.289 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

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
23 Wed Oct 2024	45.86	43.38	55.30	35.25	2.351 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 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 neutral. A longer time frame might give a better analysis.

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 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.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

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

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 49.39 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.