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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 2024-10-10 View latest technical analysis

10 day averaged volume of Sonam is 118810

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	78.22	77.83	78.23	76.00	0.934 times
09 Wed Oct 2024	74.51	71.00	74.55	71.00	1.646 times
08 Tue Oct 2024	71.00	71.99	73.60	67.32	1.848 times
07 Mon Oct 2024	70.87	77.60	77.60	70.25	0.83 times
04 Fri Oct 2024	73.95	76.30	77.00	73.08	0.722 times
03 Thu Oct 2024	76.93	79.00	79.00	73.80	0.697 times
01 Tue Oct 2024	77.62	75.95	78.80	75.75	0.931 times
30 Mon Sep 2024	75.95	75.79	77.90	74.20	0.931 times
27 Fri Sep 2024	75.79	76.50	76.50	73.00	1.651 times
25 Thu Jan 2024	73.20	69.30	74.50	69.30	0.559 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 79.4, for a target of 75.5 or 72.14

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	69.30
Downside Target	73.00
Downside Target	76.50
Downside Target	76.90
Downside Target	77.90
Upside Target	78.23
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	70.95
Downside Intraday Target	63.68
Upside Intraday Target	81.86
Upside Intraday Target	85.5
Downside Intraday Target	74.59

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	78.22	77.60	78.23	67.32	1.603 times
04 Fri Oct 2024	73.95	75.79	79.00	73.08	1.272 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	78.22	75.95	79.00	67.32	2.947 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sonam ( (SONAMLTD_BE) ) 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_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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 and the buying is gaining 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 74.59 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.