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(SONAMLTD) Sonam complete technical analysis [charts+indicators] | Buy/Sell Sonam | (SONAMLTD) share price targets

Complete technical analysis of Sonam (SONAMLTD) by charts plus indicators, forecast predictions and share price targets for Sonam (SONAMLTD)

10 day averaged volume of Sonam is 46856

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	38.45	39.60	40.75	38.20	0.786 times
28 Tue May 2024	39.55	39.05	40.95	38.80	2.471 times
27 Mon May 2024	39.05	39.90	40.00	37.80	0.598 times
24 Fri May 2024	38.50	39.55	41.40	38.15	0.461 times
23 Thu May 2024	40.30	41.35	42.15	39.45	0.821 times
22 Wed May 2024	40.85	40.75	42.45	39.50	0.788 times
21 Tue May 2024	40.70	43.05	43.05	40.50	0.867 times
18 Sat May 2024	41.55	42.90	42.90	41.00	0.064 times
17 Fri May 2024	41.30	42.90	43.35	40.25	0.781 times
16 Thu May 2024	42.95	42.50	44.80	41.75	2.172 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 33.8 as stoploss in an intra day buy trade for a target of 54.15. However, stock will show a bearish move below 33.8.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	37.80
Upside Target	40.20
Upside Target	43.05
Upside Target	44.80
Upside Target	72.00
Upside Target	74.00
Upside Target	75.65
Upside Target	78.00
Upside Target	80.25
Upside Target	84.25
Upside Target	86.95
Upside Target	90.50
Upside Target	91.70
Upside Target	95.00

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	37.18
Downside Intraday Target	35.92
Upside Intraday Target	40.33
Upside Intraday Target	42.22
Upside Intraday Target	39.07

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	38.45	39.90	40.95	37.80	1.312 times
24 Fri May 2024	38.50	43.05	43.05	38.15	0.369 times
18 Sat May 2024	41.55	42.80	44.80	40.20	1.632 times
10 Fri May 2024	42.70	87.30	90.50	40.70	1.457 times
03 Fri May 2024	84.25	83.75	84.95	78.00	4.394 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 Sonam (SONAMLTD)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed May 2024	38.45	82.60	90.50	37.80	3.552 times
30 Tue Apr 2024	82.55	80.00	84.25	75.65	0.677 times
28 Thu Mar 2024	79.35	80.50	86.95	74.00	0.427 times
29 Thu Feb 2024	81.25	86.40	91.70	72.00	1.317 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sonam (SONAMLTD)

Price action analysis of Sonam ( (SONAMLTD) ) 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 Sonam ( (SONAMLTD) ) 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 Sonam ( (SONAMLTD) ) 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 Sonam stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sonam 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.

Sonam 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 Sonam in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sonam is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 40.56 and Sonam (SONAMLTD) 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 Sonam (SONAMLTD) stock. Volume based technical analysis of Sonam (SONAMLTD) stock is negative.

Sonam 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.