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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 2024-06-14 View latest technical analysis

10 day averaged volume of Somi Conv is 34785

Date	Daily Closing Price	Open	High	Low	Volume
14 Fri Jun 2024	149.08	151.94	154.30	145.10	0.717 times
13 Thu Jun 2024	147.98	148.00	155.60	146.00	1.623 times
12 Wed Jun 2024	146.77	132.00	149.25	130.04	2.7 times
11 Tue Jun 2024	130.71	128.50	133.51	128.50	1.478 times
10 Mon Jun 2024	128.27	137.95	137.95	126.25	1.094 times
07 Fri Jun 2024	134.20	136.60	137.90	130.05	0.842 times
06 Thu Jun 2024	130.05	117.60	134.00	117.60	0.517 times
05 Wed Jun 2024	121.85	116.05	124.55	116.05	0.322 times
04 Tue Jun 2024	121.25	130.05	138.95	120.55	0.895 times
03 Mon Jun 2024	133.95	137.05	141.30	132.25	0.298 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 143.6, but if it comes below 143.6, then a intra day sell could be more profitable.
If you take a sell trade below 143.6, then use 143.6 as stoploss and 136.18 as target. However if you take a buy trade in stock , then use 143.6 as stoploss and 152.5 as target.

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
Downside Target	130.15
Downside Target	135.25
Downside Target	141.30
Downside Target	146.45
Downside Target	148.75
Upside Target	155.60

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	131.69
Downside Intraday Target	114.29
Upside Intraday Target	161.04
Upside Intraday Target	172.99
Downside Intraday Target	143.64

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Fri Jun 2024	149.08	137.95	155.60	126.25	2.649 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 up 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
14 Fri Jun 2024	149.08	137.05	155.60	116.05	1.081 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 up 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 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 short to mid 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Somi Conv Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 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 137.78 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.