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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 801402

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	76.50	76.00	80.95	75.81	1.404 times
25 Wed Sep 2024	74.16	66.90	76.99	65.50	2.326 times
24 Tue Sep 2024	67.72	58.00	68.34	57.54	4.203 times
23 Mon Sep 2024	56.95	54.35	57.60	53.82	0.288 times
20 Fri Sep 2024	54.21	50.51	55.51	50.51	0.173 times
19 Thu Sep 2024	52.64	55.84	57.00	52.10	0.158 times
18 Wed Sep 2024	54.33	52.35	56.00	52.01	0.25 times
17 Tue Sep 2024	52.83	54.20	54.20	51.50	0.21 times
16 Mon Sep 2024	53.40	56.57	57.80	52.95	0.311 times
13 Fri Sep 2024	56.25	50.99	59.80	50.00	1.904 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 72.3, for a target of 63.5 or 56.21

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	49.00
Downside Target	50.51
Downside Target	53.00
Downside Target	56.20
Downside Target	57.80
Downside Target	59.40
Downside Target	59.80
Upside Target	80.95
Upside Target	90.50

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	59.9
Downside Intraday Target	43.29
Upside Intraday Target	87.03
Upside Intraday Target	97.55
Downside Intraday Target	70.42

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	76.50	54.35	80.95	53.82	7.461 times
20 Fri Sep 2024	54.21	56.57	57.80	50.51	0.481 times
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

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
26 Thu Sep 2024	76.50	54.01	80.95	49.00	2.427 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, and volume has increased substantially. This means that the move can 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 gaining 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 stronger in this stock.

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 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 66.54 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.