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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 2024-10-21 View latest technical analysis

10 day averaged volume of Sonam is 111730

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	79.75	77.89	79.75	77.89	8.456 times
18 Fri Oct 2024	79.48	79.48	79.48	79.48	0.177 times
17 Thu Oct 2024	81.11	81.11	81.11	81.11	0.878 times
16 Wed Oct 2024	82.77	84.50	84.50	82.77	0.274 times
15 Tue Oct 2024	84.46	85.97	85.97	83.50	1.018 times
14 Mon Oct 2024	84.11	86.00	86.00	81.75	0.747 times
11 Fri Oct 2024	82.05	80.15	82.13	78.65	1.313 times
10 Thu Oct 2024	78.22	77.83	78.23	76.00	0.993 times
09 Wed Oct 2024	74.51	71.00	74.55	71.00	1.75 times
08 Tue Oct 2024	71.00	71.99	73.60	67.32	1.965 times

Stock of Sonam (SONAMLTD_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 81.3 as stoploss in an intra day sell trade for a target of 76.64. However, stock will show a bullish move above 81.3.

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	79.48
Downside Target	79.75
Upside Target	82.13
Upside 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	78.51
Downside Intraday Target	77.27
Upside Intraday Target	80.37
Upside Intraday Target	80.99
Downside Intraday Target	79.13

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	79.75	77.89	79.75	77.89	2.732 times
18 Fri Oct 2024	79.48	86.00	86.00	79.48	0.448 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

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
21 Mon Oct 2024	79.75	75.95	86.00	67.32	7.632 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Sonam in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 78.91 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.