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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 2024-07-31 View latest technical analysis

10 day averaged volume of Sonam is 518450

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	55.95	57.40	57.40	54.40	0.148 times
30 Tue Jul 2024	56.26	57.50	58.68	55.55	0.197 times
29 Mon Jul 2024	57.50	59.00	59.00	55.21	0.475 times
26 Fri Jul 2024	55.42	53.89	56.65	52.94	0.414 times
25 Thu Jul 2024	52.93	56.00	58.40	50.85	0.701 times
24 Wed Jul 2024	56.23	57.40	57.40	53.40	0.872 times
23 Tue Jul 2024	58.26	57.00	59.40	55.56	2.984 times
22 Mon Jul 2024	51.58	47.00	53.40	46.00	2.565 times
19 Fri Jul 2024	46.20	44.80	46.80	43.00	0.782 times
18 Thu Jul 2024	43.83	40.95	44.40	40.00	0.676 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 54.1, but if it comes below 54.1, then a intra day sell could be more profitable.
If you take a sell trade below 54.1, then use 54.1 as stoploss and 45.64 as target. However if you take a buy trade in stock , then use 54.1 as stoploss and 64.3 as target.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	35.20
Downside Target	37.22
Downside Target	40.00
Downside Target	40.85
Downside Target	42.00
Downside Target	46.00
Downside Target	54.40
Upside Target	59.00
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	53.9
Downside Intraday Target	51.85
Upside Intraday Target	58.5
Upside Intraday Target	61.05
Upside Intraday Target	56.45

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	55.95	59.00	59.00	54.40	0.109 times
26 Fri Jul 2024	55.42	47.00	59.40	46.00	4.11 times
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

Price has moved up 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
31 Wed Jul 2024	55.95	38.45	59.40	35.20	8.335 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 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 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 mid to longer 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.

ADX buy sell signal for Sonam stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sonam in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sonam in short term but SELL signal is weak.

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

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 53.77 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.