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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 2024-10-31 View latest technical analysis

10 day averaged volume of Sona Machinery is 31900

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	154.45	146.90	155.00	146.90	0.94 times
30 Wed Oct 2024	144.90	145.00	152.00	143.00	2.382 times
29 Tue Oct 2024	145.70	150.00	153.95	145.00	0.658 times
28 Mon Oct 2024	151.05	142.00	157.00	138.20	1.661 times
25 Fri Oct 2024	141.70	153.45	153.45	138.25	1.411 times
24 Thu Oct 2024	153.45	157.00	159.70	153.05	0.627 times
23 Wed Oct 2024	158.10	158.25	164.95	156.55	1.16 times
22 Tue Oct 2024	161.90	164.70	169.90	161.20	0.846 times
21 Mon Oct 2024	168.65	171.00	173.00	167.60	0.376 times
18 Fri Oct 2024	171.45	170.00	172.05	165.10	0.533 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 152.2 as stoploss in an intra day buy trade for a target of 163.87. However, stock will show a bearish move below 152.2.

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	142.77
Downside Intraday Target	131.08
Upside Intraday Target	161.57
Upside Intraday Target	168.68
Downside Intraday Target	149.88

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	154.45	142.00	157.00	138.20	1.277 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
31 Thu Oct 2024	154.45	176.00	185.70	138.20	0.508 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 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 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 losing momentum.

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

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

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 moving up

CCI has generated a buy signal for Sona Machinery in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 Sona Machinery is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 151.82 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.