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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 2024-09-12 View latest technical analysis

10 day averaged volume of Sonam is 57159

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	49.95	51.79	52.94	49.00	2.492 times
11 Wed Sep 2024	50.77	53.35	53.35	50.50	0.821 times
10 Tue Sep 2024	51.83	51.50	52.99	51.28	1.368 times
09 Mon Sep 2024	51.03	51.81	52.50	50.50	0.758 times
06 Fri Sep 2024	51.81	53.06	54.01	50.54	1.154 times
05 Thu Sep 2024	53.06	55.00	55.10	52.10	1.276 times
04 Wed Sep 2024	54.00	54.50	54.95	53.80	0.456 times
03 Tue Sep 2024	54.65	54.99	56.20	54.11	1.18 times
02 Mon Sep 2024	54.29	54.01	54.90	53.11	0.714 times
30 Fri Aug 2024	53.87	54.70	54.70	53.50	0.626 times

Stock of Sonam (SONAMLTD) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.8, but if it comes above 50.8, then a intra day buy could be more profitable.
If you take a sell trade below 50.8, then use 50.8 as stoploss and 48.4 as target. However if you take a buy trade in stock , then use 50.8 as stoploss and 52.82 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	50.54
Upside Target	53.00
Upside Target	56.00
Upside Target	56.65
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	48.18
Downside Intraday Target	46.42
Upside Intraday Target	52.53
Upside Intraday Target	55.12
Upside Intraday Target	50.77

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	49.95	51.81	53.35	49.00	1.138 times
06 Fri Sep 2024	51.81	54.01	56.20	50.54	0.539 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

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
12 Thu Sep 2024	49.95	54.01	56.20	49.00	0.148 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 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 coming down

CCI has generated a SELL signal for Sonam in short term and SELL signal is strong!

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

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 52.08 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 negative.

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