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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 2024-06-03 View latest technical analysis

10 day averaged volume of Somi Conv is 33759

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	133.95	137.05	141.30	132.25	0.307 times
31 Fri May 2024	136.10	141.40	141.85	131.40	0.238 times
30 Thu May 2024	135.45	132.20	139.65	132.20	0.139 times
29 Wed May 2024	136.60	142.95	142.95	135.50	0.13 times
28 Tue May 2024	139.40	138.70	146.45	134.70	0.391 times
27 Mon May 2024	138.55	143.45	143.45	136.10	0.233 times
24 Fri May 2024	140.05	147.90	147.90	133.95	5.865 times
23 Thu May 2024	144.85	139.25	148.15	137.50	0.997 times
22 Wed May 2024	134.70	133.00	144.90	130.15	0.425 times
21 Tue May 2024	138.50	148.00	148.75	132.25	1.555 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 142.6 as stoploss in an intra day sell trade for a target of 113.28. However, stock will show a bullish move above 142.6.

Share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Target	49.55
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
Upside Target	135.25
Upside Target	141.30
Upside Target	146.45
Upside Target	148.75

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	130.37
Downside Intraday Target	126.78
Upside Intraday Target	139.42
Upside Intraday Target	144.88
Upside Intraday Target	135.83

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	133.95	137.05	141.30	132.25	0.272 times
31 Fri May 2024	136.10	143.45	146.45	131.40	0.128 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

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
03 Mon Jun 2024	133.95	137.05	141.30	132.25	0.031 times
31 Fri May 2024	136.10	135.25	148.75	130.15	2.756 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

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 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 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 SELL signal for Somi Conv in short term but the sell signal is initial and weak.

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 getting stronger in this stock.

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 and SELL 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 139.62 and Somi Conv (SOMICONVEY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.