Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2023-06-01 View latest technical analysis

10 day averaged volume of Somi Conv is 54719

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Jun 2023	50.60	51.50	52.70	49.55	0.933 times
31 Wed May 2023	51.50	52.00	54.90	50.25	3.491 times
30 Tue May 2023	46.15	48.05	48.10	46.10	0.179 times
29 Mon May 2023	48.00	48.40	49.75	47.55	0.25 times
26 Fri May 2023	48.40	49.25	49.40	48.00	0.471 times
25 Thu May 2023	49.10	48.30	49.50	47.45	0.511 times
24 Wed May 2023	48.50	48.35	49.70	48.10	0.257 times
23 Tue May 2023	48.50	48.70	49.90	48.10	0.32 times
22 Mon May 2023	48.90	47.30	54.90	47.30	4.047 times
19 Fri May 2023	47.95	48.70	49.80	47.10	0.355 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49.7, but if it comes below 49.7, then a intra day sell could be more profitable.
If you take a sell trade below 49.7, then use 49.7 as stoploss and 48.29 as target. However if you take a buy trade in stock , then use 49.7 as stoploss and 51.3 as target.

Share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Target	32.20
Downside Target	33.45
Downside Target	36.50
Downside Target	40.60
Downside Target	44.55
Downside Target	46.10
Downside Target	47.10
Downside Target	49.55
Upside Target	52.65
Upside Target	52.70
Upside Target	54.90
Upside Target	59.50

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	46.17
Downside Intraday Target	41.73
Upside Intraday Target	54.97
Upside Intraday Target	59.33
Downside Intraday Target	50.53

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Jun 2023	50.60	48.40	54.90	46.10	0.866 times
26 Fri May 2023	48.40	47.30	54.90	47.30	6.322 times
19 Fri May 2023	47.95	48.20	51.00	47.10	0.358 times
12 Fri May 2023	49.05	47.70	52.65	44.55	1.666 times
05 Fri May 2023	46.60	46.95	50.40	44.60	1.74 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
01 Thu Jun 2023	50.60	51.50	52.70	49.55	0.065 times
31 Wed May 2023	51.50	46.95	54.90	44.55	0.955 times
28 Fri Apr 2023	46.80	38.30	59.50	36.50	8.163 times
31 Fri Mar 2023	36.00	36.00	40.60	33.45	1.513 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 Somi Conv (SOMICONVEY)

Price action analysis of Somi Conv ( (SOMICONVEY) ) 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 Somi Conv ( (SOMICONVEY) ) based on a short to mid 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

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 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 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 49.75 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.