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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 2024-08-06 View latest technical analysis

10 day averaged volume of Sonam is 331750

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	53.63	52.02	54.90	52.01	0.419 times
05 Mon Aug 2024	51.10	55.50	55.50	50.50	0.564 times
02 Fri Aug 2024	54.46	55.88	55.88	52.92	0.169 times
01 Thu Aug 2024	55.08	57.55	57.55	54.50	0.215 times
31 Wed Jul 2024	55.95	57.40	57.40	54.40	0.232 times
30 Tue Jul 2024	56.26	57.50	58.68	55.55	0.308 times
29 Mon Jul 2024	57.50	59.00	59.00	55.21	0.742 times
26 Fri Jul 2024	55.42	53.89	56.65	52.94	0.647 times
25 Thu Jul 2024	52.93	56.00	58.40	50.85	1.096 times
24 Wed Jul 2024	56.23	57.40	57.40	53.40	1.363 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 56.7 as stoploss in an intra day sell trade for a target of 48.7. However, stock will show a bullish move above 56.7.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	35.20
Downside Target	37.80
Downside Target	40.00
Downside Target	42.00
Downside Target	46.00
Downside Target	50.50
Downside Target	52.92
Upside Target	55.50
Upside Target	57.55
Upside Target	59.00
Upside Target	59.40
Upside Target	75.65
Upside Target	84.25
Upside Target	90.50

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	50.92
Downside Intraday Target	48.21
Upside Intraday Target	55.92
Upside Intraday Target	58.21
Downside Intraday Target	53.21

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	53.63	55.50	55.50	50.50	0.59 times
02 Fri Aug 2024	54.46	59.00	59.00	52.92	0.141 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

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
06 Tue Aug 2024	53.63	57.55	57.55	50.50	0.084 times
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

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 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 Weak and stock is losing momentum.

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

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 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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 54.88 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 positive

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