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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 2024-10-31 View latest technical analysis

10 day averaged volume of Soma Textiles is 337475

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	45.53	47.30	49.50	44.60	0.451 times
30 Wed Oct 2024	46.59	47.07	48.50	45.65	0.45 times
29 Tue Oct 2024	46.16	44.80	49.45	42.57	0.949 times
28 Mon Oct 2024	43.67	46.50	46.50	43.11	0.407 times
25 Fri Oct 2024	44.57	48.31	48.31	42.35	0.914 times
24 Thu Oct 2024	48.38	51.29	53.65	46.56	4.884 times
23 Wed Oct 2024	45.86	38.21	45.86	37.31	1.04 times
22 Tue Oct 2024	38.22	41.65	41.71	37.96	0.352 times
21 Mon Oct 2024	41.62	44.45	45.37	41.25	0.291 times
18 Fri Oct 2024	44.36	47.16	47.50	43.24	0.388 times

My analysis of stock is bullish for shortterm, and stock might move up till 48.3 or till 53.1. Use a stoploss of 44.35 and if this stock hits its stoploss, then it can fall down till 40.38

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	35.25
Downside Target	36.50
Downside Target	37.31
Downside Target	42.20
Downside Target	43.57
Upside Target	49.50
Upside Target	53.01
Upside Target	53.65
Upside Target	55.30

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	42.23
Downside Intraday Target	38.94
Upside Intraday Target	49.16
Upside Intraday Target	52.8
Upside Intraday Target	45.87

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	45.53	46.50	49.50	42.57	0.302 times
25 Fri Oct 2024	44.57	44.45	53.65	37.31	2.296 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

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
31 Thu Oct 2024	45.53	43.38	55.30	35.25	3.397 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid 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 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.

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 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 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 46.47 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 has given negative 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.