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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)

10 day averaged volume of Sonam is 27226

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	85.35	90.30	90.50	84.60	0.637 times
07 Tue May 2024	88.50	88.95	89.10	86.50	1.096 times
06 Mon May 2024	87.00	87.30	88.00	84.90	2.129 times
03 Fri May 2024	84.25	83.75	84.95	83.55	1.295 times
02 Thu May 2024	83.00	82.60	83.95	82.30	1.52 times
30 Tue Apr 2024	82.55	84.00	84.00	82.20	1.315 times
29 Mon Apr 2024	82.45	83.75	84.00	78.00	1.632 times
26 Fri Apr 2024	80.55	79.15	81.90	78.90	0.43 times
25 Thu Apr 2024	78.90	79.30	79.50	78.30	0.147 times
24 Wed Apr 2024	79.05	78.65	80.00	78.50	0.2 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 84.3, but if it comes below 84.3, then a intra day sell could be more profitable.
If you take a sell trade below 84.3, then use 84.3 as stoploss and 81.53 as target. However if you take a buy trade in stock , then use 84.3 as stoploss and 87.6 as target.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	72.00
Downside Target	74.00
Downside Target	75.65
Downside Target	78.00
Downside Target	81.90
Downside Target	84.60
Downside Target	84.95
Upside Target	86.95
Upside Target	90.50
Upside Target	91.70
Upside Target	95.00

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	83.13
Downside Intraday Target	80.92
Upside Intraday Target	89.03
Upside Intraday Target	92.72
Upside Intraday Target	86.82

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	85.35	87.30	90.50	84.60	0.67 times
03 Fri May 2024	84.25	83.75	84.95	78.00	4.394 times
26 Fri Apr 2024	80.55	80.05	81.90	78.30	1.522 times
19 Fri Apr 2024	79.35	82.75	82.75	75.65	0.973 times
12 Fri Apr 2024	80.70	83.75	83.75	78.90	0.206 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
08 Wed May 2024	85.35	82.60	90.50	82.30	0.648 times
30 Tue Apr 2024	82.55	80.00	84.25	75.65	0.677 times
28 Thu Mar 2024	79.35	80.50	86.95	74.00	0.427 times
29 Thu Feb 2024	81.25	86.40	91.70	72.00	1.317 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sonam ( (SONAMLTD) ) based on a short to mid 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.

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 losing momentum.

MACD generated a BUY signal for Sonam in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! 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 coming down

CCI has generated a SELL signal for Sonam in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 84.32 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.