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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 2022-08-08 View latest technical analysis

10 day averaged volume of Somi Conv is 25248

Date Daily Closing Price Open High Low Volume
08 Mon Aug 2022 45.90 45.70 47.40 45.05 3.088 times
05 Fri Aug 2022 44.10 40.65 45.00 39.55 3.618 times
04 Thu Aug 2022 39.25 41.50 41.50 38.00 0.471 times
03 Wed Aug 2022 39.70 41.60 41.60 39.10 0.229 times
02 Tue Aug 2022 40.35 43.70 44.75 38.60 2.088 times
01 Mon Aug 2022 41.30 39.40 41.30 37.30 1.875 times
29 Fri Jul 2022 37.55 39.50 40.00 37.15 0.562 times
28 Thu Jul 2022 37.45 35.85 37.70 35.85 0.051 times
27 Wed Jul 2022 37.45 35.85 37.70 35.85 0.051 times
26 Tue Jul 2022 37.20 39.80 39.80 37.05 0.249 times

Stock of Somi Conv (SOMICONVEY) 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 46, for a target of 41.3 or 37.32

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
Downside Target 45.00
Downside Target 45.05
Downside Target 45.15
Upside Target 47.40

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type Value
Downside Intraday Target 44.83
Downside Intraday Target 43.77
Upside Intraday Target 47.18
Upside Intraday Target 48.47
Upside Intraday Target 46.12

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date Weekly Closing Price Open High Low Volume
08 Mon Aug 2022 45.90 45.70 47.40 45.05 0.373 times
05 Fri Aug 2022 44.10 39.40 45.00 37.30 4.815 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

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 Somi Conv (SOMICONVEY)

Date Monthly Closing Price Open High Low Volume
08 Mon Aug 2022 45.90 39.40 47.40 37.30 1.495 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 38, 8, 66 Buy
MACD 4, 3Buy
Stochastics 72Buy
CCI 197Buy
RSI 71Buy
OBV 195298Sell
VWAP 43Buy
ADL 0Sell
ROC 23Buy
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 gaining momentum.

MACD generated a BUY signal for Somi Conv 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.

Somi Conv Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Somi Conv 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 Somi Conv is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.72 and Somi Conv (SOMICONVEY) 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 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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