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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 2024-06-10 View latest technical analysis

10 day averaged volume of Somi Conv is 13813

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	128.27	137.95	137.95	126.25	2.754 times
07 Fri Jun 2024	134.20	136.60	137.90	130.05	2.121 times
06 Thu Jun 2024	130.05	117.60	134.00	117.60	1.302 times
05 Wed Jun 2024	121.85	116.05	124.55	116.05	0.812 times
04 Tue Jun 2024	121.25	130.05	138.95	120.55	2.253 times
03 Mon Jun 2024	133.95	137.05	141.30	132.25	0.75 times
31 Fri May 2024	136.10	141.40	141.85	131.40	0.581 times
30 Thu May 2024	135.45	132.20	139.65	132.20	0.34 times
29 Wed May 2024	136.60	142.95	142.95	135.50	0.317 times
28 Tue May 2024	139.40	138.70	146.45	134.70	0.955 times

Stock of Somi Conv (SOMICONVEY) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 142.5 or till 160.6. Use a stoploss of 127.43 and if this stock hits its stoploss, then it can fall down till 112.35

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	126.25
Upside Target	130.15
Upside Target	135.25
Upside Target	137.95
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	123.7
Downside Intraday Target	119.12
Upside Intraday Target	135.4
Upside Intraday Target	142.52
Upside Intraday Target	130.82

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	128.27	137.95	137.95	126.25	0.381 times
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

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
10 Mon Jun 2024	128.27	137.05	141.30	116.05	0.409 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 weakening, and bulls 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 and SELL 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 129.78 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.