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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 2024-08-19 View latest technical analysis

10 day averaged volume of Sonam is 129723

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	48.99	48.57	49.89	48.51	0.387 times
16 Fri Aug 2024	48.57	48.76	50.39	47.70	1.083 times
14 Wed Aug 2024	48.58	53.00	53.96	46.00	1.746 times
13 Tue Aug 2024	51.89	54.54	54.60	51.15	1.023 times
12 Mon Aug 2024	53.14	56.00	56.00	52.80	0.443 times
09 Fri Aug 2024	55.47	53.40	56.34	53.40	0.61 times
08 Thu Aug 2024	53.25	55.00	56.40	52.36	1.254 times
07 Wed Aug 2024	56.52	54.90	58.40	54.39	0.894 times
06 Tue Aug 2024	53.63	52.02	54.90	52.01	1.071 times
05 Mon Aug 2024	51.10	55.50	55.50	50.50	1.442 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.9, but if it comes above 50.9, then a intra day buy could be more profitable.
If you take a sell trade below 50.9, then use 50.9 as stoploss and 47.5 as target. However if you take a buy trade in stock , then use 50.9 as stoploss and 53.74 as target.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	35.20
Downside Target	37.80
Downside Target	42.00
Downside Target	46.00
Downside Target	48.51
Upside Target	49.89
Upside Target	52.92
Upside Target	56.00
Upside Target	58.40
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	48.37
Downside Intraday Target	47.75
Upside Intraday Target	49.75
Upside Intraday Target	50.51
Upside Intraday Target	49.13

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	48.99	48.57	49.89	48.51	0.09 times
16 Fri Aug 2024	48.57	56.00	56.00	46.00	0.815 times
09 Fri Aug 2024	55.47	55.50	58.40	50.50	1.237 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

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
19 Mon Aug 2024	48.99	57.55	58.40	46.00	0.262 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sonam in short term but the sell signal is initial and weak.

Sonam Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below 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 but buying is losing 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 51.77 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.