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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 2024-09-13 View latest technical analysis

10 day averaged volume of Sonam is 61993

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	56.25	50.99	59.80	50.00	24.61 times
12 Thu Sep 2024	49.95	51.79	52.94	49.00	2.297 times
11 Wed Sep 2024	50.77	53.35	53.35	50.50	0.757 times
10 Tue Sep 2024	51.83	51.50	52.99	51.28	1.261 times
09 Mon Sep 2024	51.03	51.81	52.50	50.50	0.699 times
06 Fri Sep 2024	51.81	53.06	54.01	50.54	1.064 times
05 Thu Sep 2024	53.06	55.00	55.10	52.10	1.177 times
04 Wed Sep 2024	54.00	54.50	54.95	53.80	0.421 times
03 Tue Sep 2024	54.65	54.99	56.20	54.11	1.088 times
02 Mon Sep 2024	54.29	54.01	54.90	53.11	0.659 times

Stock of Sonam (SONAMLTD) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.1, but if it comes below 55.1, then a intra day sell could be more profitable.
If you take a sell trade below 55.1, then use 55.1 as stoploss and 53.2 as target. However if you take a buy trade in stock , then use 55.1 as stoploss and 57.3 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
Downside Target	50.54
Downside Target	53.00
Downside Target	56.00
Upside Target	58.78
Upside Target	59.40
Upside Target	59.80
Upside Target	90.50

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	50.23
Downside Intraday Target	44.22
Upside Intraday Target	61.03
Upside Intraday Target	65.82
Downside Intraday Target	55.02

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	56.25	51.81	59.80	49.00	6.721 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 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
13 Fri Sep 2024	56.25	54.01	59.80	49.00	0.535 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 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 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 Strong 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 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Sonam in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 55.07 and Sonam (SONAMLTD) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.