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(SONAMAC_SM) Sona Machinery complete technical analysis [charts+indicators] | Buy/Sell Sona Machinery | (SONAMAC_SM) share price targets

Complete technical analysis of Sona Machinery (SONAMAC_SM) by charts plus indicators, forecast predictions and share price targets for Sona Machinery (SONAMAC_SM)

Showing technical analysis as on 2024-10-15 View latest technical analysis

10 day averaged volume of Sona Machinery is 20200

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	177.05	182.00	182.00	177.05	0.099 times
14 Mon Oct 2024	175.40	170.00	178.30	170.00	0.693 times
11 Fri Oct 2024	176.00	178.90	178.95	173.60	0.495 times
10 Thu Oct 2024	177.15	184.00	185.70	177.00	1.04 times
09 Wed Oct 2024	179.00	164.95	181.50	164.95	1.238 times
08 Tue Oct 2024	164.95	161.00	166.00	161.00	1.139 times
07 Mon Oct 2024	161.55	171.50	172.00	161.10	1.881 times
04 Fri Oct 2024	171.50	175.00	176.50	171.45	0.99 times
03 Thu Oct 2024	175.65	177.00	184.75	175.00	1.238 times
01 Tue Oct 2024	177.90	176.00	178.50	176.00	0.594 times

My analysis of stock is bearish for shortterm, and stock might move down till 171.6 or till 161.8. Use a stoploss of 179.86 and if the stock hits stoploss, then it can shoot up till 188.07

Share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Target	115.10
Downside Target	161.00
Downside Target	170.00
Downside Target	176.10
Upside Target	180.00
Upside Target	185.70
Upside Target	194.00
Upside Target	202.00
Upside Target	202.10
Upside Target	219.90
Upside Target	247.10
Upside Target	249.90

Intraday share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Intraday Target	170.7
Downside Intraday Target	164.35
Upside Intraday Target	182.7
Upside Intraday Target	188.35
Downside Intraday Target	176.35

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	177.05	170.00	182.00	170.00	0.137 times
11 Fri Oct 2024	176.00	171.50	185.70	161.00	1.648 times
04 Fri Oct 2024	171.50	185.00	185.00	171.45	0.703 times
27 Fri Sep 2024	183.00	183.00	194.00	180.00	0.682 times
20 Fri Sep 2024	183.00	199.00	202.00	180.10	0.569 times

Price has moved up 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 Sona Machinery (SONAMAC_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	177.05	176.00	185.70	161.00	0.175 times
30 Mon Sep 2024	177.75	185.00	219.90	176.10	1.434 times
30 Fri Aug 2024	184.00	186.85	202.10	161.55	0.434 times
31 Wed Jul 2024	186.85	201.20	249.90	180.00	0.455 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 Sona Machinery (SONAMAC_SM)

Price action analysis of Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery ( (SONAMAC_SM) ) based on a mid to longer 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.

ADX buy sell signal for Sona Machinery stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sona Machinery in short term but the buy signal is initial and weak.

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

Sona Machinery 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sona Machinery 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 negative zone. This is the SELL zone

Stock of Sona Machinery is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 171.86 and Sona Machinery (SONAMAC_SM) 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 Sona Machinery (SONAMAC_SM) stock. Volume based technical analysis of Sona Machinery (SONAMAC_SM) stock is negative.

Sona Machinery Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.