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(SONAMLTD_BE) Sonam complete technical analysis [charts+indicators] | Buy/Sell Sonam | (SONAMLTD_BE) share price targets

Complete technical analysis of Sonam (SONAMLTD_BE) by charts plus indicators, forecast predictions and share price targets for Sonam (SONAMLTD_BE)

Showing technical analysis as on 2024-10-03 View latest technical analysis

10 day averaged volume of Sonam is 54257

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	76.93	79.00	79.00	73.80	1.527 times
01 Tue Oct 2024	77.62	75.95	78.80	75.75	2.038 times
30 Mon Sep 2024	75.95	75.79	77.90	74.20	2.039 times
27 Fri Sep 2024	75.79	76.50	76.50	73.00	3.615 times
25 Thu Jan 2024	73.20	69.30	74.50	69.30	1.224 times
24 Wed Jan 2024	71.05	70.20	71.85	70.00	0.405 times
23 Tue Jan 2024	70.00	69.80	72.40	69.80	0.332 times
22 Mon Jan 2024	70.00	70.00	71.10	69.50	0.072 times
19 Fri Jan 2024	70.00	67.50	70.75	67.50	0.179 times
18 Thu Jan 2024	67.40	70.25	70.25	67.30	0.008 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 78.2, for a target of 74.6 or 71.68

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	69.30
Downside Target	73.00
Downside Target	74.85
Downside Target	76.50
Downside Target	76.90
Upside Target	77.90
Upside Target	79.00
Upside Target	82.40
Upside Target	86.30

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	74.15
Downside Intraday Target	71.38
Upside Intraday Target	79.35
Upside Intraday Target	81.78
Downside Intraday Target	76.58

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	76.93	75.79	79.00	73.80	0.992 times
27 Fri Sep 2024	75.79	70.00	76.50	69.30	8.765 times
19 Fri Jan 2024	70.00	71.00	71.40	66.50	0.761 times
12 Fri Jan 2024	68.00	72.85	74.00	67.00	1.737 times
05 Fri Jan 2024	72.85	72.00	74.85	71.00	0.24 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	76.93	75.95	79.00	73.80	0.631 times
30 Mon Sep 2024	75.95	76.50	77.90	73.00	1.409 times
25 Thu Jan 2024	73.20	72.00	74.85	66.50	0.666 times
29 Fri Dec 2023	71.00	78.00	82.40	70.25	3.6 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_BE)

Price action analysis of Sonam ( (SONAMLTD_BE) ) 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_BE) ) 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_BE) ) 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 BUY. 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.

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 red color and prices are in or above the red 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 and the buying is gaining 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 75.55 and Sonam (SONAMLTD_BE) 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_BE) stock. Volume based technical analysis of Sonam (SONAMLTD_BE) 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.