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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 2024-05-23 View latest technical analysis

10 day averaged volume of Somi Conv is 361575

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	144.85	139.25	148.15	137.50	0.093 times
22 Wed May 2024	134.70	133.00	144.90	130.15	0.04 times
21 Tue May 2024	138.50	148.00	148.75	132.25	0.145 times
18 Sat May 2024	135.25	135.25	135.25	135.25	0.003 times
01 Wed Nov 2023	100.25	104.95	104.95	99.50	0.339 times
31 Tue Oct 2023	100.25	113.50	116.45	99.10	1.742 times
30 Mon Oct 2023	108.60	92.25	108.60	91.05	1.683 times
27 Fri Oct 2023	90.50	91.05	100.40	89.30	3.182 times
26 Thu Oct 2023	85.70	71.45	85.70	67.10	1.187 times
25 Wed Oct 2023	71.45	75.85	77.20	68.35	0.413 times

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 156.5, for a target of 116.5 or 83.09

Share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Target	44.55
Downside Target	46.10
Downside Target	49.55
Downside Target	50.80
Downside Target	54.90
Downside Target	64.20
Downside Target	67.10
Downside Target	91.05
Downside Target	99.50
Downside Target	104.95
Downside Target	116.45
Downside Target	130.15
Downside Target	135.25
Upside Target	148.75

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	133.75
Downside Intraday Target	122.65
Upside Intraday Target	152.35
Upside Intraday Target	159.85
Downside Intraday Target	141.25

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	144.85	148.00	148.75	130.15	0.074 times
18 Sat May 2024	135.25	92.25	135.25	91.05	0.623 times
27 Fri Oct 2023	90.50	68.00	100.40	67.10	1.223 times
07 Wed Jun 2023	56.70	52.50	64.20	50.80	5.939 times
02 Fri Jun 2023	50.95	48.40	54.90	46.10	0.982 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
23 Thu May 2024	144.85	135.25	148.75	130.15	0.828 times
01 Wed Nov 2023	100.25	104.95	104.95	99.50	0.036 times
31 Tue Oct 2023	100.25	68.00	116.45	67.10	1.827 times
07 Wed Jun 2023	56.70	51.50	64.20	49.55	2.383 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)

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 tired and bears are picking up momentum.

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 96.29 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.