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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 2024-10-30 View latest technical analysis

10 day averaged volume of Sona Machinery is 25400

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	144.90	145.00	152.00	143.00	2.992 times
29 Tue Oct 2024	145.70	150.00	153.95	145.00	0.827 times
28 Mon Oct 2024	151.05	142.00	157.00	138.20	2.087 times
25 Fri Oct 2024	141.70	153.45	153.45	138.25	1.772 times
24 Thu Oct 2024	153.45	157.00	159.70	153.05	0.787 times
23 Wed Oct 2024	158.10	158.25	164.95	156.55	1.457 times
22 Tue Oct 2024	161.90	164.70	169.90	161.20	1.063 times
21 Mon Oct 2024	168.65	171.00	173.00	167.60	0.472 times
18 Fri Oct 2024	171.45	170.00	172.05	165.10	0.669 times
17 Thu Oct 2024	170.00	173.00	173.00	170.00	0.433 times

Stock of Sona Machinery (SONAMAC_SM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 153.2, but if it comes above 153.2, then a intra day buy could be more profitable.
If you take a sell trade below 153.2, then use 153.2 as stoploss and 139.2 as target. However if you take a buy trade in stock , then use 153.2 as stoploss and 164.93 as target.

Share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Target	115.10
Downside Target	138.20
Upside Target	157.00
Upside Target	161.00
Upside Target	165.10
Upside Target	171.45
Upside Target	180.00
Upside Target	185.70
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	136.4
Downside Intraday Target	127.9
Upside Intraday Target	155.2
Upside Intraday Target	165.5
Upside Intraday Target	146.7

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	144.90	142.00	157.00	138.20	1.064 times
25 Fri Oct 2024	141.70	171.00	173.00	138.25	2.564 times
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

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
30 Wed Oct 2024	144.90	176.00	185.70	138.20	0.48 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 152.2 and Sona Machinery (SONAMAC_SM) 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 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.