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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 2024-05-30 View latest technical analysis

10 day averaged volume of Somi Conv is 107706

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	135.45	132.20	139.65	132.20	0.044 times
29 Wed May 2024	136.60	142.95	142.95	135.50	0.041 times
28 Tue May 2024	139.40	138.70	146.45	134.70	0.122 times
27 Mon May 2024	138.55	143.45	143.45	136.10	0.073 times
24 Fri May 2024	140.05	147.90	147.90	133.95	1.838 times
23 Thu May 2024	144.85	139.25	148.15	137.50	0.312 times
22 Wed May 2024	134.70	133.00	144.90	130.15	0.133 times
21 Tue May 2024	138.50	148.00	148.75	132.25	0.487 times
18 Sat May 2024	135.25	135.25	135.25	135.25	0.009 times
01 Wed Nov 2023	100.25	104.95	104.95	99.50	1.137 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 138.2 as stoploss in an intra day sell trade for a target of 105.36. However, stock will show a bullish move above 138.2.

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	135.25
Upside Target	146.45
Upside Target	148.75

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	129.62
Downside Intraday Target	123.78
Upside Intraday Target	143.87
Upside Intraday Target	152.28
Upside Intraday Target	138.03

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	135.45	143.45	146.45	132.20	0.101 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
30 Thu May 2024	135.45	135.25	148.75	130.15	2.691 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Somi Conv ( (SOMICONVEY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing 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 and the buying is gaining 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 129.14 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.