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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 2024-10-18 View latest technical analysis

10 day averaged volume of Sona Machinery is 17500

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	171.45	170.00	172.05	165.10	0.971 times
17 Thu Oct 2024	170.00	173.00	173.00	170.00	0.629 times
16 Wed Oct 2024	173.35	177.45	179.00	173.00	0.629 times
15 Tue Oct 2024	177.05	182.00	182.00	177.05	0.114 times
14 Mon Oct 2024	175.40	170.00	178.30	170.00	0.8 times
11 Fri Oct 2024	176.00	178.90	178.95	173.60	0.571 times
10 Thu Oct 2024	177.15	184.00	185.70	177.00	1.2 times
09 Wed Oct 2024	179.00	164.95	181.50	164.95	1.429 times
08 Tue Oct 2024	164.95	161.00	166.00	161.00	1.314 times
07 Mon Oct 2024	161.55	171.50	172.00	161.10	2.171 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 170.1 as stoploss in an intra day buy trade for a target of 176.81. However, stock will show a bearish move below 170.1.

Share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Target	115.10
Downside Target	161.00
Downside Target	165.10
Downside Target	171.45
Upside 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	163.7
Downside Intraday Target	155.95
Upside Intraday Target	180.6
Upside Intraday Target	189.75
Upside Intraday Target	172.85

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	171.45	170.00	182.00	165.10	0.47 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 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 Sona Machinery (SONAMAC_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	171.45	176.00	185.70	161.00	0.211 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sona Machinery in short term and the sell signal is strong.

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. Bears 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 SELL signal for Sona Machinery 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 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 170.87 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.