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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 2024-11-22 View latest technical analysis

10 day averaged volume of Soma Textiles is 158619

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	44.08	44.00	45.37	43.80	0.187 times
21 Thu Nov 2024	43.87	46.70	46.70	43.16	0.708 times
19 Tue Nov 2024	45.55	45.45	47.29	44.82	0.385 times
18 Mon Nov 2024	44.61	46.20	47.30	44.21	0.38 times
14 Thu Nov 2024	45.50	45.45	47.70	44.50	1.296 times
13 Wed Nov 2024	44.84	47.00	48.29	43.50	1.948 times
12 Tue Nov 2024	46.89	45.45	48.50	43.73	0.918 times
11 Mon Nov 2024	45.21	45.45	48.48	43.46	0.962 times
08 Fri Nov 2024	45.22	46.06	47.29	44.23	0.613 times
07 Thu Nov 2024	46.93	49.65	49.65	45.59	1.575 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.3, but if it comes above 44.3, then a intra day buy could be more profitable.
If you take a sell trade below 44.3, then use 44.3 as stoploss and 42.2 as target. However if you take a buy trade in stock , then use 44.3 as stoploss and 45.96 as target.

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
Upside Target	47.30
Upside Target	48.50
Upside Target	49.50
Upside Target	53.50
Upside Target	53.65
Upside Target	55.30

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	42.39
Downside Intraday Target	40.71
Upside Intraday Target	46.53
Upside Intraday Target	48.99
Upside Intraday Target	44.85

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	44.08	46.20	47.30	43.16	0.324 times
14 Thu Nov 2024	45.50	45.45	48.50	43.46	0.684 times
08 Fri Nov 2024	45.22	47.60	53.50	44.23	1.498 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

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
22 Fri Nov 2024	44.08	47.98	53.50	43.16	0.26 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 SELL. 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 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Soma Textiles in short term and SELL signal is strong!

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 45.51 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.