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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)

Showing technical analysis as on 2024-05-06 View latest technical analysis

10 day averaged volume of Sonam is 19757

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	87.00	87.30	88.00	84.90	2.933 times
03 Fri May 2024	84.25	83.75	84.95	83.55	1.784 times
02 Thu May 2024	83.00	82.60	83.95	82.30	2.094 times
30 Tue Apr 2024	82.55	84.00	84.00	82.20	1.812 times
29 Mon Apr 2024	82.45	83.75	84.00	78.00	2.249 times
26 Fri Apr 2024	80.55	79.15	81.90	78.90	0.593 times
25 Thu Apr 2024	78.90	79.30	79.50	78.30	0.202 times
24 Wed Apr 2024	79.05	78.65	80.00	78.50	0.276 times
23 Tue Apr 2024	78.90	78.35	80.45	78.35	0.326 times
22 Mon Apr 2024	79.25	80.05	81.15	78.30	0.411 times

Stock of Sonam (SONAMLTD) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 85.4, for a target of 82.9 or 80.9

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	72.00
Downside Target	74.00
Downside Target	75.65
Downside Target	78.00
Downside Target	81.90
Downside Target	84.90
Downside Target	84.95
Downside Target	86.95
Upside Target	88.00
Upside Target	91.70
Upside Target	95.00

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	85.27
Downside Intraday Target	83.53
Upside Intraday Target	88.37
Upside Intraday Target	89.73
Downside Intraday Target	86.63

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	87.00	87.30	88.00	84.90	0.369 times
03 Fri May 2024	84.25	83.75	84.95	78.00	4.394 times
26 Fri Apr 2024	80.55	80.05	81.90	78.30	1.522 times
19 Fri Apr 2024	79.35	82.75	82.75	75.65	0.973 times
12 Fri Apr 2024	80.70	83.75	83.75	78.90	0.206 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 Sonam (SONAMLTD)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon May 2024	87.00	82.60	88.00	82.30	0.48 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 up 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 Sonam (SONAMLTD)

Price action analysis of Sonam ( (SONAMLTD) ) 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 Sonam ( (SONAMLTD) ) based on a short to mid 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 Sonam ( (SONAMLTD) ) based on a mid to longer 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.

ADX buy sell signal for Sonam stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sonam in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sonam in short term and BUY signal is strong.

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 Sonam is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 83.45 and Sonam (SONAMLTD) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sonam (SONAMLTD) stock. Volume based technical analysis of Sonam (SONAMLTD) stock is negative.

Sonam Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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