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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 2024-10-14 View latest technical analysis

10 day averaged volume of Sonam is 135744

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	84.11	86.00	86.00	81.75	0.615 times
11 Fri Oct 2024	82.05	80.15	82.13	78.65	1.081 times
10 Thu Oct 2024	78.22	77.83	78.23	76.00	0.818 times
09 Wed Oct 2024	74.51	71.00	74.55	71.00	1.441 times
08 Tue Oct 2024	71.00	71.99	73.60	67.32	1.617 times
07 Mon Oct 2024	70.87	77.60	77.60	70.25	0.727 times
04 Fri Oct 2024	73.95	76.30	77.00	73.08	0.632 times
03 Thu Oct 2024	76.93	79.00	79.00	73.80	0.61 times
01 Tue Oct 2024	77.62	75.95	78.80	75.75	0.815 times
30 Mon Sep 2024	75.95	75.79	77.90	74.20	0.815 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 83.4, for a target of 78 or 73.57

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	79.00
Downside Target	81.75
Downside Target	82.13
Downside Target	82.40
Upside Target	86.00
Upside Target	86.30

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	81.91
Downside Intraday Target	79.7
Upside Intraday Target	86.16
Upside Intraday Target	88.2
Downside Intraday Target	83.95

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	84.11	86.00	86.00	81.75	0.108 times
11 Fri Oct 2024	82.05	77.60	82.13	67.32	1.979 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

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
14 Mon Oct 2024	84.11	75.95	86.00	67.32	3.697 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 75.99 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.