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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 2024-10-24 View latest technical analysis

10 day averaged volume of Sonam is 193185

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	79.00	78.11	79.00	78.11	10.809 times
23 Wed Oct 2024	79.71	81.20	81.20	79.71	0.146 times
22 Tue Oct 2024	81.34	81.34	81.34	81.34	1.839 times
21 Mon Oct 2024	79.75	77.89	79.75	77.89	4.891 times
18 Fri Oct 2024	79.48	79.48	79.48	79.48	0.103 times
17 Thu Oct 2024	81.11	81.11	81.11	81.11	0.508 times
16 Wed Oct 2024	82.77	84.50	84.50	82.77	0.159 times
15 Tue Oct 2024	84.46	85.97	85.97	83.50	0.589 times
14 Mon Oct 2024	84.11	86.00	86.00	81.75	0.432 times
11 Fri Oct 2024	82.05	80.15	82.13	78.65	0.76 times

Stock of Sonam (SONAMLTD_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 82 or till 86.8. Use a stoploss of 78.09 and if this stock hits its stoploss, then it can fall down till 74.15

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
Upside Target	79.48
Upside Target	81.34
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	77.48
Downside Intraday Target	75.96
Upside Intraday Target	80.93
Upside Intraday Target	82.86
Upside Intraday Target	79.41

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	79.00	77.89	81.34	77.89	9.879 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 down 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
24 Thu Oct 2024	79.00	75.95	86.00	67.32	15.689 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sonam stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sonam in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sonam in short term and SELL 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 79.87 and Sonam (SONAMLTD_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.