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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 2024-07-11 View latest technical analysis

10 day averaged volume of Sonam is 12959

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	37.49	38.00	38.00	36.91	0.404 times
10 Wed Jul 2024	37.59	37.39	38.14	36.66	0.73 times
09 Tue Jul 2024	36.66	38.10	38.46	35.42	2.338 times
08 Mon Jul 2024	37.96	40.00	40.00	37.50	0.676 times
05 Fri Jul 2024	38.82	38.98	39.37	38.35	0.846 times
04 Thu Jul 2024	38.34	39.24	39.24	38.00	0.98 times
03 Wed Jul 2024	38.01	39.86	39.86	37.22	1.215 times
02 Tue Jul 2024	38.65	40.85	40.85	38.50	0.807 times
01 Mon Jul 2024	39.41	38.45	39.99	38.45	1.352 times
28 Fri Jun 2024	39.39	39.79	39.79	38.46	0.442 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, but if it comes above 38, then a intra day buy could be more profitable.
If you take a sell trade below 38, then use 38 as stoploss and 36.9 as target. However if you take a buy trade in stock , then use 38 as stoploss and 38.89 as target.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	35.42
Downside Target	37.00
Upside Target	40.00
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	35.27
Downside Intraday Target	33.06
Upside Intraday Target	39.85
Upside Intraday Target	42.22
Upside Intraday Target	37.64

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	37.49	40.00	40.00	35.42	0.798 times
05 Fri Jul 2024	38.82	38.45	40.85	37.22	0.819 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

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
11 Thu Jul 2024	37.49	38.45	40.85	35.42	0.187 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 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 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 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 buy signal for Sonam in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 38.04 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.