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 2024-09-02 View latest technical analysis

10 day averaged volume of Sonam is 257842

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	54.29	54.01	54.90	53.11	0.158 times
30 Fri Aug 2024	53.87	54.70	54.70	53.50	0.139 times
29 Thu Aug 2024	54.01	54.18	55.00	53.21	0.365 times
28 Wed Aug 2024	53.51	56.65	56.65	53.00	0.48 times
27 Tue Aug 2024	55.58	53.65	56.00	53.43	0.435 times
26 Mon Aug 2024	53.97	54.03	56.00	53.11	0.548 times
23 Fri Aug 2024	53.37	54.99	55.42	52.06	0.279 times
22 Thu Aug 2024	54.34	53.32	55.45	53.32	0.31 times
21 Wed Aug 2024	53.32	55.00	56.80	52.20	1.038 times
20 Tue Aug 2024	55.46	50.00	58.78	48.91	6.212 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 55.4 as stoploss in an intra day sell trade for a target of 53.14. However, stock will show a bullish move above 55.4.

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	53.00
Upside Target	54.90
Upside Target	56.00
Upside Target	58.40
Upside Target	58.78
Upside Target	59.40
Upside Target	90.50

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	53.3
Downside Intraday Target	52.31
Upside Intraday Target	55.09
Upside Intraday Target	55.89
Downside Intraday Target	54.1

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	54.29	54.01	54.90	53.11	0.081 times
30 Fri Aug 2024	53.87	54.03	56.65	53.00	0.245 times
23 Fri Aug 2024	53.37	48.57	58.78	48.51	3.717 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

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
02 Mon Sep 2024	54.29	54.01	54.90	53.11	0.01 times
30 Fri Aug 2024	53.87	57.55	58.78	46.00	0.729 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

Scroll below to view daily charts

Price has moved up 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sonam ( (SONAMLTD) ) based on a short to mid 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 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 SELL signal for Sonam in short term but the sell signal is initial and weak.

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 tired and bears are picking up momentum.

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 but buying is losing 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 54.88 and Sonam (SONAMLTD) stock is trading below this level. This means that stock is falling with high volumes. 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.