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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 2024-11-04 View latest technical analysis

10 day averaged volume of Soma Textiles is 331880

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	45.25	47.60	47.60	44.85	0.192 times
01 Fri Nov 2024	46.96	47.98	47.98	46.10	0.096 times
31 Thu Oct 2024	45.53	47.30	49.50	44.60	0.458 times
30 Wed Oct 2024	46.59	47.07	48.50	45.65	0.458 times
29 Tue Oct 2024	46.16	44.80	49.45	42.57	0.965 times
28 Mon Oct 2024	43.67	46.50	46.50	43.11	0.414 times
25 Fri Oct 2024	44.57	48.31	48.31	42.35	0.929 times
24 Thu Oct 2024	48.38	51.29	53.65	46.56	4.967 times
23 Wed Oct 2024	45.86	38.21	45.86	37.31	1.058 times
22 Tue Oct 2024	38.22	41.65	41.71	37.96	0.358 times

My analysis of stock is bullish for shortterm, and stock might move up till 48.5 or till 52.6. Use a stoploss of 45.16 and if this stock hits its stoploss, then it can fall down till 41.77

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
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	44.85
Upside Target	47.60
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	44.2
Downside Intraday Target	43.15
Upside Intraday Target	46.95
Upside Intraday Target	48.65
Upside Intraday Target	45.9

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	45.25	47.60	47.60	44.85	0.08 times
01 Fri Nov 2024	46.96	46.50	49.50	42.57	0.314 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

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
04 Mon Nov 2024	45.25	47.98	47.98	44.85	0.011 times
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

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 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 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 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

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 46.68 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.