Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-07-04 View latest technical analysis

10 day averaged volume of Sonam is 18101

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	38.34	39.24	39.24	38.00	0.702 times
03 Wed Jul 2024	38.01	39.86	39.86	37.22	0.87 times
02 Tue Jul 2024	38.65	40.85	40.85	38.50	0.578 times
01 Mon Jul 2024	39.41	38.45	39.99	38.45	0.968 times
28 Fri Jun 2024	39.39	39.79	39.79	38.46	0.317 times
27 Thu Jun 2024	39.11	39.70	39.70	38.50	0.439 times
26 Wed Jun 2024	39.70	39.50	41.01	38.64	2.509 times
25 Tue Jun 2024	39.27	39.75	39.75	39.00	0.362 times
24 Mon Jun 2024	39.08	40.12	40.12	38.74	0.916 times
21 Fri Jun 2024	39.52	39.50	39.99	38.89	1.213 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.7, but if it comes above 38.7, then a intra day buy could be more profitable.
If you take a sell trade below 38.7, then use 38.7 as stoploss and 38 as target. However if you take a buy trade in stock , then use 38.7 as stoploss and 39.34 as target.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	37.00
Upside Target	40.85
Upside Target	41.45
Upside Target	42.00
Upside Target	74.00
Upside Target	75.65
Upside Target	84.25
Upside Target	86.95
Upside Target	90.50

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	36.76
Downside Intraday Target	35.17
Upside Intraday Target	40.39
Upside Intraday Target	42.43
Upside Intraday Target	38.8

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	38.34	38.45	40.85	37.22	0.686 times
28 Fri Jun 2024	39.39	40.12	41.01	38.46	0.902 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

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
04 Thu Jul 2024	38.34	38.45	40.85	37.22	0.087 times
28 Fri Jun 2024	39.39	41.00	42.00	34.00	0.568 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sonam ( (SONAMLTD) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing 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. Bears are getting stronger in this stock.

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 Sonam in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 39.18 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.