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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 2023-06-06 View latest technical analysis

10 day averaged volume of Somi Conv is 153258

Date Daily Closing Price Open High Low Volume
06 Tue Jun 2023 61.65 62.05 64.20 60.00 2.937 times
05 Mon Jun 2023 60.55 52.50 61.10 50.80 7.479 times
02 Fri Jun 2023 50.95 51.65 51.80 50.65 0.232 times
01 Thu Jun 2023 50.60 51.50 52.70 49.55 0.333 times
31 Wed May 2023 51.50 52.00 54.90 50.25 1.247 times
30 Tue May 2023 46.15 48.05 48.10 46.10 0.064 times
29 Mon May 2023 48.00 48.40 49.75 47.55 0.089 times
26 Fri May 2023 48.40 49.25 49.40 48.00 0.168 times
25 Thu May 2023 49.10 48.30 49.50 47.45 0.182 times
24 Wed May 2023 48.50 48.35 49.70 48.10 0.092 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 58.5, for a target of 53.9 or 50.01

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
Downside Target 50.80
Downside Target 52.65
Downside Target 54.90
Downside Target 59.50
Upside Target 64.20

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type Value
Downside Intraday Target 53.57
Downside Intraday Target 45.48
Upside Intraday Target 66.97
Upside Intraday Target 72.28
Downside Intraday Target 58.88

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date Weekly Closing Price Open High Low Volume
06 Tue Jun 2023 61.65 52.50 64.20 50.80 5.302 times
02 Fri Jun 2023 50.95 48.40 54.90 46.10 0.982 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

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
06 Tue Jun 2023 61.65 51.50 64.20 49.55 2.139 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 up this month, and volume has increased substantially. This means that the move can 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 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 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 58.92 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.

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 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 58.92 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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