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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 2024-06-07 View latest technical analysis

10 day averaged volume of Somi Conv is 30685

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	134.20	136.60	137.90	130.05	0.955 times
06 Thu Jun 2024	130.05	117.60	134.00	117.60	0.586 times
05 Wed Jun 2024	121.85	116.05	124.55	116.05	0.365 times
04 Tue Jun 2024	121.25	130.05	138.95	120.55	1.014 times
03 Mon Jun 2024	133.95	137.05	141.30	132.25	0.338 times
31 Fri May 2024	136.10	141.40	141.85	131.40	0.261 times
30 Thu May 2024	135.45	132.20	139.65	132.20	0.153 times
29 Wed May 2024	136.60	142.95	142.95	135.50	0.143 times
28 Tue May 2024	139.40	138.70	146.45	134.70	0.43 times
27 Mon May 2024	138.55	143.45	143.45	136.10	0.257 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 142.9 as stoploss in an intra day sell trade for a target of 125.3. However, stock will show a bullish move above 142.9.

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	116.05
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	119.73
Downside Intraday Target	105.27
Upside Intraday Target	144.98
Upside Intraday Target	155.77
Downside Intraday Target	130.52

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	134.20	137.05	141.30	116.05	2.62 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, 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
07 Fri Jun 2024	134.20	137.05	141.30	116.05	0.296 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 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 weakening, and bulls 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 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 130.69 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 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.