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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 2024-08-21 View latest technical analysis

10 day averaged volume of Sonam is 270608

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	53.32	55.00	56.80	52.20	0.989 times
20 Tue Aug 2024	55.46	50.00	58.78	48.91	5.919 times
19 Mon Aug 2024	48.99	48.57	49.89	48.51	0.186 times
16 Fri Aug 2024	48.57	48.76	50.39	47.70	0.519 times
14 Wed Aug 2024	48.58	53.00	53.96	46.00	0.837 times
13 Tue Aug 2024	51.89	54.54	54.60	51.15	0.491 times
12 Mon Aug 2024	53.14	56.00	56.00	52.80	0.213 times
09 Fri Aug 2024	55.47	53.40	56.34	53.40	0.292 times
08 Thu Aug 2024	53.25	55.00	56.40	52.36	0.601 times
07 Wed Aug 2024	56.52	54.90	58.40	54.39	0.429 times

My analysis of stock is bearish for shortterm, and stock might move down till 51.1 or till 47.9. Use a stoploss of 53.69 and if the stock hits stoploss, then it can shoot up till 56.32

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
Downside Target	50.50
Downside 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	48.29
Downside Intraday Target	43.27
Upside Intraday Target	58.56
Upside Intraday Target	63.81
Upside Intraday Target	53.54

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	53.32	48.57	58.78	48.51	3.445 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, 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
21 Wed Aug 2024	53.32	57.55	58.78	46.00	0.607 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 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 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 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 gaining momentum.

MACD generated a SELL signal for Sonam in short term but the sell 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. Bulls are getting stronger in this stock.

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 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 53.95 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.