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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 2025-04-24 View latest technical analysis

10 day averaged volume of Sonam is 82776

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Apr 2025	41.54	43.39	43.44	41.01	2.734 times
23 Wed Apr 2025	43.13	46.43	46.43	42.61	2.102 times
22 Tue Apr 2025	44.38	45.93	45.93	43.67	1.107 times
21 Mon Apr 2025	45.23	43.93	46.48	43.73	1.659 times
17 Thu Apr 2025	43.88	44.00	44.49	43.23	0.979 times
16 Wed Apr 2025	43.47	44.36	44.75	43.12	0.508 times
15 Tue Apr 2025	43.55	43.35	44.84	43.00	1.127 times
11 Fri Apr 2025	43.04	44.05	44.64	42.77	0.357 times
09 Wed Apr 2025	43.71	42.53	44.95	42.50	0.691 times
08 Tue Apr 2025	43.26	42.50	43.82	42.50	0.524 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 42, but if it comes above 42, then a intra day buy could be more profitable.
If you take a sell trade below 42, then use 42 as stoploss and 40.5 as target. However if you take a buy trade in stock , then use 42 as stoploss and 43.28 as target.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	39.97
Downside Target	40.99
Upside Target	42.49
Upside Target	44.84
Upside Target	46.48
Upside Target	48.69
Upside Target	49.00
Upside Target	49.50
Upside Target	58.78
Upside Target	68.00
Upside Target	80.95

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	39.54
Downside Intraday Target	37.54
Upside Intraday Target	45.01
Upside Intraday Target	48.48
Upside Intraday Target	43.01

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Apr 2025	41.54	43.93	46.48	41.01	2.908 times
17 Thu Apr 2025	43.88	43.35	44.84	43.00	1.038 times
11 Fri Apr 2025	43.04	42.45	44.95	40.99	0.277 times
04 Fri Apr 2025	46.29	41.48	48.69	40.10	0.382 times
28 Fri Mar 2025	40.79	44.95	45.43	40.00	1.672 times

Price has moved down 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
24 Thu Apr 2025	41.54	41.48	48.69	40.10	0.445 times
28 Fri Mar 2025	40.79	44.00	49.50	39.97	0.685 times
28 Fri Feb 2025	44.48	59.98	68.00	42.49	0.619 times
26 Thu Sep 2024	76.50	54.01	80.95	49.00	2.427 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 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 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 mid to longer 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.

ADX buy sell signal for Sonam stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sonam in short term but the buy 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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 43.33 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.