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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 2024-06-24 View latest technical analysis

10 day averaged volume of Sonam is 43182

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	39.08	40.12	40.12	38.74	0.384 times
21 Fri Jun 2024	39.52	39.50	39.99	38.89	0.508 times
20 Thu Jun 2024	38.89	39.65	40.11	37.00	0.767 times
19 Wed Jun 2024	39.75	41.45	41.45	39.46	0.313 times
18 Tue Jun 2024	40.18	40.50	40.60	39.22	0.524 times
14 Fri Jun 2024	40.09	40.02	41.27	39.01	0.739 times
13 Thu Jun 2024	39.81	39.91	40.62	38.74	1.287 times
12 Wed Jun 2024	39.22	40.69	40.70	38.71	0.953 times
11 Tue Jun 2024	40.58	40.00	41.00	38.52	2.205 times
10 Mon Jun 2024	39.18	38.25	39.94	38.25	2.528 times

My analysis of stock is bearish for shortterm, and stock might move down till 38 or till 36.7. Use a stoploss of 39.16 and if the stock hits stoploss, then it can shoot up till 40.28

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	37.00
Downside Target	37.80
Upside Target	40.12
Upside Target	41.27
Upside Target	72.00
Upside Target	74.00
Upside Target	75.65
Upside Target	84.25
Upside Target	86.95
Upside Target	90.50
Upside Target	91.70

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	38.51
Downside Intraday Target	37.93
Upside Intraday Target	39.89
Upside Intraday Target	40.69
Upside Intraday Target	39.31

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	39.08	40.12	40.12	38.74	0.182 times
21 Fri Jun 2024	39.52	40.50	41.45	37.00	0.274 times
14 Fri Jun 2024	40.09	38.25	41.27	38.25	2.327 times
07 Fri Jun 2024	39.20	41.00	42.00	34.00	0.438 times
31 Fri May 2024	39.90	39.90	41.35	37.80	2.376 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
24 Mon Jun 2024	39.08	41.00	42.00	34.00	0.511 times
31 Fri May 2024	39.90	82.60	90.50	37.80	4.074 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

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY signal for Sonam in short term but the buy signal is initial and weak.

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

Sonam 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 positive zone. This is a BUY 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 39.69 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.