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 2024-05-29 View latest technical analysis

10 day averaged volume of Somi Conv is 168128

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	136.60	142.95	142.95	135.50	0.026 times
28 Tue May 2024	139.40	138.70	146.45	134.70	0.078 times
27 Mon May 2024	138.55	143.45	143.45	136.10	0.047 times
24 Fri May 2024	140.05	147.90	147.90	133.95	1.178 times
23 Thu May 2024	144.85	139.25	148.15	137.50	0.2 times
22 Wed May 2024	134.70	133.00	144.90	130.15	0.085 times
21 Tue May 2024	138.50	148.00	148.75	132.25	0.312 times
18 Sat May 2024	135.25	135.25	135.25	135.25	0.006 times
01 Wed Nov 2023	100.25	104.95	104.95	99.50	0.728 times
31 Tue Oct 2023	100.25	113.50	116.45	99.10	3.745 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 135.3, but if it comes below 135.3, then a intra day sell could be more profitable.
If you take a sell trade below 135.3, then use 135.3 as stoploss and 101.11 as target. However if you take a buy trade in stock , then use 135.3 as stoploss and 176.3 as target.

Share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Target	44.55
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	134.70
Downside Target	135.25
Upside Target	146.45
Upside Target	148.75

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	132.05
Downside Intraday Target	127.5
Upside Intraday Target	143.8
Upside Intraday Target	151
Upside Intraday Target	139.25

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	136.60	143.45	146.45	134.70	0.085 times
24 Fri May 2024	140.05	148.00	148.75	130.15	0.219 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

Price has moved down 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
29 Wed May 2024	136.60	135.25	148.75	130.15	2.653 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, 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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.

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 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 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 112.22 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.