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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 2024-10-25 View latest technical analysis

10 day averaged volume of Sonam is 390899

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	80.58	80.58	80.58	79.05	11.411 times
24 Thu Oct 2024	79.00	78.11	79.00	78.11	5.342 times
23 Wed Oct 2024	79.71	81.20	81.20	79.71	0.072 times
22 Tue Oct 2024	81.34	81.34	81.34	81.34	0.909 times
21 Mon Oct 2024	79.75	77.89	79.75	77.89	2.417 times
18 Fri Oct 2024	79.48	79.48	79.48	79.48	0.051 times
17 Thu Oct 2024	81.11	81.11	81.11	81.11	0.251 times
16 Wed Oct 2024	82.77	84.50	84.50	82.77	0.078 times
15 Tue Oct 2024	84.46	85.97	85.97	83.50	0.291 times
14 Mon Oct 2024	84.11	86.00	86.00	81.75	0.213 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 82.3 as stoploss in an intra day sell trade for a target of 78.46. However, stock will show a bullish move above 82.3.

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
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	78.53
Downside Intraday Target	76.49
Upside Intraday Target	81.98
Upside Intraday Target	83.39
Downside Intraday Target	79.94

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	80.58	77.89	81.34	77.89	22.776 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
25 Fri Oct 2024	80.58	75.95	86.00	67.32	30.229 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 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 losing momentum.

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

Sonam Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 80.21 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 has given negative 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.