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(SOMICONVEY) Somi Conv complete technical analysis [charts+indicators] | Buy/Sell Somi Conv | (SOMICONVEY) share price targets

Complete technical analysis of Somi Conv (SOMICONVEY) by charts plus indicators, forecast predictions and share price targets for Somi Conv (SOMICONVEY)

Somi Conv trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2022-08-04 View latest technical analysis

10 day averaged volume of Somi Conv is 16634

Date Daily Closing Price Open High Low Volume
04 Thu Aug 2022 39.25 41.50 41.50 38.00 0.714 times
03 Wed Aug 2022 39.70 41.60 41.60 39.10 0.347 times
02 Tue Aug 2022 40.35 43.70 44.75 38.60 3.169 times
01 Mon Aug 2022 41.30 39.40 41.30 37.30 2.846 times
29 Fri Jul 2022 37.55 39.50 40.00 37.15 0.853 times
28 Thu Jul 2022 37.45 35.85 37.70 35.85 0.077 times
27 Wed Jul 2022 37.45 35.85 37.70 35.85 0.077 times
26 Tue Jul 2022 37.20 39.80 39.80 37.05 0.378 times
25 Mon Jul 2022 37.40 39.30 40.00 37.25 1.225 times
22 Fri Jul 2022 38.50 38.45 38.90 37.40 0.333 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 39.3 as stoploss in an intra day sell trade for a target of 36.09. However, stock will show a bullish move above 39.3.

Share price targets for Somi Conv (SOMICONVEY)

Target Type Value
Downside Target 28.10
Downside Target 28.80
Downside Target 29.40
Downside Target 30.50
Downside Target 31.50
Downside Target 33.05
Downside Target 35.85
Downside Target 37.30
Downside Target 38.30
Downside Target 39.25
Upside Target 40.00
Upside Target 44.75
Upside Target 45.15

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type Value
Downside Intraday Target 36.12
Downside Intraday Target 32.98
Upside Intraday Target 43.57
Upside Intraday Target 47.88
Upside Intraday Target 40.43

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date Weekly Closing Price Open High Low Volume
04 Thu Aug 2022 39.25 39.40 44.75 37.30 2.711 times
29 Fri Jul 2022 37.55 39.30 40.00 35.85 0.517 times
22 Fri Jul 2022 38.50 32.00 39.25 30.50 4.326 times
15 Fri Jul 2022 31.60 31.20 33.60 29.40 0.83 times
08 Fri Jul 2022 32.55 31.45 34.25 28.80 0.74 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 Somi Conv (SOMICONVEY)

Date Monthly Closing Price Open High Low Volume
04 Thu Aug 2022 39.25 39.40 44.75 37.30 0.613 times
29 Fri Jul 2022 37.55 32.50 40.00 28.80 2.663 times
30 Thu Jun 2022 32.70 35.30 38.30 28.10 0.986 times
31 Tue May 2022 34.30 36.50 39.50 31.50 0.214 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 Somi Conv (SOMICONVEY)

Indicator Name Indicator Value Indicator Signal
ADX 29, 11, 46 Buy
MACD 3, 2Buy
Stochastics 46None
CCI 47Sell
RSI 65Buy
OBV 18613Sell
VWAP 40Sell
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Somi Conv ( (SOMICONVEY) ) 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 Somi Conv ( (SOMICONVEY) ) 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 Somi Conv ( (SOMICONVEY) ) based on a short to mid 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 Somi Conv ( (SOMICONVEY) ) 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 Somi Conv stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Somi Conv in short term and the buy signal is strong.

Somi Conv 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Somi Conv 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 positive zone. This is a BUY zone

Stock of Somi Conv is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.69 and Somi Conv (SOMICONVEY) 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 Somi Conv (SOMICONVEY) stock. Volume based technical analysis of Somi Conv (SOMICONVEY) stock is negative.

Somi Conv 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.

Click here for Somi Conv charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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