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 2024-07-16 View latest technical analysis

10 day averaged volume of Sonam is 13540

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	39.79	38.69	40.60	35.20	12.805 times
15 Mon Jul 2024	36.21	39.00	39.00	35.65	1.606 times
12 Fri Jul 2024	37.85	37.67	38.20	36.66	0.741 times
11 Thu Jul 2024	37.49	38.00	38.00	36.91	0.387 times
10 Wed Jul 2024	37.59	37.39	38.14	36.66	0.698 times
09 Tue Jul 2024	36.66	38.10	38.46	35.42	2.238 times
08 Mon Jul 2024	37.96	40.00	40.00	37.50	0.647 times
05 Fri Jul 2024	38.82	38.98	39.37	38.35	0.809 times
04 Thu Jul 2024	38.34	39.24	39.24	38.00	0.938 times
03 Wed Jul 2024	38.01	39.86	39.86	37.22	1.163 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.6, but if it comes below 39.6, then a intra day sell could be more profitable.
If you take a sell trade below 39.6, then use 39.6 as stoploss and 38.57 as target. However if you take a buy trade in stock , then use 39.6 as stoploss and 40.8 as target.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	35.20
Downside Target	37.00
Upside Target	40.00
Upside Target	41.01
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	36.46
Downside Intraday Target	33.13
Upside Intraday Target	41.86
Upside Intraday Target	43.93
Downside Intraday Target	38.53

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	39.79	39.00	40.60	35.20	3.059 times
12 Fri Jul 2024	37.85	40.00	40.00	35.42	0.947 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sonam (SONAMLTD)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	39.79	38.45	40.85	35.20	0.502 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 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 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 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 38.79 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 negative.

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