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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 2024-11-28 View latest technical analysis

10 day averaged volume of Soma Textiles is 110462

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	54.84	46.30	54.84	46.23	14.787 times
27 Wed Nov 2024	45.70	45.62	46.80	45.15	0.355 times
26 Tue Nov 2024	45.48	46.19	46.94	44.55	0.341 times
25 Mon Nov 2024	46.19	45.19	46.99	44.40	0.944 times
22 Fri Nov 2024	44.08	44.00	45.37	43.80	0.269 times
21 Thu Nov 2024	43.87	46.70	46.70	43.16	1.016 times
19 Tue Nov 2024	45.55	45.45	47.29	44.82	0.553 times
18 Mon Nov 2024	44.61	46.20	47.30	44.21	0.546 times
14 Thu Nov 2024	45.50	45.45	47.70	44.50	1.861 times
13 Wed Nov 2024	44.84	47.00	48.29	43.50	2.797 times

Stock of Soma Textiles (SOMATEX) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 51.8, for a target of 48.9 or 46.43

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	42.20
Downside Target	47.30
Downside Target	48.50
Downside Target	49.50
Downside Target	53.50
Downside Target	54.84
Upside Target	55.30

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	47.88
Downside Intraday Target	40.92
Upside Intraday Target	58.32
Upside Intraday Target	61.8
Downside Intraday Target	51.36

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	54.84	45.19	54.84	44.40	6.891 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Soma Textiles (SOMATEX)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	54.84	47.98	54.84	43.16	0.466 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 up 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Soma Textiles ( (SOMATEX) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining 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 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Soma Textiles in short term and BUY signal is strong.

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 51.23 and Soma Textiles (SOMATEX) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.