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 2024-07-19 View latest technical analysis

10 day averaged volume of Sonam is 63287

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	46.20	44.80	46.80	43.00	6.402 times
18 Thu Jul 2024	43.83	40.95	44.40	40.00	5.535 times
16 Tue Jul 2024	39.79	38.69	40.60	35.20	2.739 times
15 Mon Jul 2024	36.21	39.00	39.00	35.65	0.344 times
12 Fri Jul 2024	37.85	37.67	38.20	36.66	0.159 times
11 Thu Jul 2024	37.49	38.00	38.00	36.91	0.083 times
10 Wed Jul 2024	37.59	37.39	38.14	36.66	0.149 times
09 Tue Jul 2024	36.66	38.10	38.46	35.42	0.479 times
08 Mon Jul 2024	37.96	40.00	40.00	37.50	0.138 times
05 Fri Jul 2024	38.82	38.98	39.37	38.35	0.173 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 44, for a target of 41.4 or 39.14

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	35.20
Downside Target	37.00
Downside Target	40.00
Downside Target	40.85
Upside Target	46.80
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	38.67
Downside Intraday Target	31.13
Upside Intraday Target	50.27
Upside Intraday Target	54.33
Downside Intraday Target	42.73

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	46.20	39.00	46.80	35.20	14.901 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
19 Fri Jul 2024	46.20	38.45	46.80	35.20	1.665 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, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. 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 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 43.46 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.