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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 2025-05-16 View latest technical analysis

10 day averaged volume of Sonam is 123921

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri May 2025	40.39	40.74	41.00	39.35	0.912 times
15 Thu May 2025	39.94	39.92	40.99	39.42	0.687 times
14 Wed May 2025	39.31	41.18	41.18	39.00	1.758 times
13 Tue May 2025	40.37	41.64	41.83	40.00	1.007 times
12 Mon May 2025	40.65	41.60	44.11	39.60	1.315 times
09 Fri May 2025	41.55	38.16	42.44	38.16	0.819 times
08 Thu May 2025	40.49	40.76	42.00	39.46	0.913 times
07 Wed May 2025	39.17	38.70	39.98	37.00	0.69 times
06 Tue May 2025	38.27	40.78	40.78	38.00	0.621 times
05 Mon May 2025	39.84	41.80	41.80	39.65	0.607 times

My analysis of stock is bearish for shortterm, and stock might move down till 39.2 or till 37.1. Use a stoploss of 41.03 and if the stock hits stoploss, then it can shoot up till 42.82

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	37.00
Downside Target	38.20
Downside Target	39.00
Downside Target	39.97
Upside Target	42.04
Upside Target	44.11
Upside Target	44.84
Upside Target	46.48
Upside Target	48.69
Upside Target	49.00
Upside Target	49.50
Upside Target	68.00
Upside Target	80.95

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	38.22
Downside Intraday Target	36.06
Upside Intraday Target	43.33
Upside Intraday Target	46.28
Upside Intraday Target	41.17

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri May 2025	40.39	41.60	44.11	39.00	1.556 times
09 Fri May 2025	41.55	41.80	42.44	37.00	1.071 times
02 Fri May 2025	40.59	40.81	42.04	38.20	0.557 times
25 Fri Apr 2025	41.38	43.93	46.48	40.11	3.506 times
17 Thu Apr 2025	43.88	43.35	44.84	43.00	1.038 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
16 Fri May 2025	40.39	39.25	44.11	37.00	0.625 times
30 Wed Apr 2025	39.02	41.48	48.69	38.20	0.532 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

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 gaining momentum.

MACD generated a BUY signal for Sonam in short term but the buy 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 40.03 and Sonam (SONAMLTD) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.