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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 2024-12-09 View latest technical analysis

10 day averaged volume of Sonam is 318616

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	79.16	79.95	80.94	78.00	0.8 times
06 Fri Dec 2024	77.92	76.74	78.26	72.50	0.536 times
05 Thu Dec 2024	74.54	75.70	77.89	74.02	0.574 times
04 Wed Dec 2024	76.53	77.23	79.70	73.36	0.965 times
03 Tue Dec 2024	77.23	79.50	81.00	76.26	0.477 times
02 Mon Dec 2024	78.61	76.23	78.90	74.01	0.594 times
29 Fri Nov 2024	76.23	78.85	80.45	75.31	0.595 times
28 Thu Nov 2024	78.86	79.30	82.00	77.75	0.619 times
27 Wed Nov 2024	79.72	83.17	84.95	79.50	1.131 times
26 Tue Nov 2024	83.17	86.45	86.45	80.05	0.896 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 76.9 as stoploss in an intra day buy trade for a target of 82.44. However, stock will show a bearish move below 76.9.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	72.50
Downside Target	74.85
Downside Target	77.90
Upside Target	80.22
Upside Target	81.00
Upside Target	85.25
Upside Target	86.45
Upside Target	86.99
Upside Target	87.21
Upside Target	92.44
Upside Target	96.70

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	77.79
Downside Intraday Target	76.43
Upside Intraday Target	80.73
Upside Intraday Target	82.31
Upside Intraday Target	79.37

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	79.16	79.95	80.94	78.00	0.254 times
06 Fri Dec 2024	77.92	76.23	81.00	72.50	0.459 times
29 Fri Nov 2024	76.23	78.00	86.45	75.31	11.474 times
22 Fri Nov 2024	80.22	85.25	85.25	80.22	1.544 times
14 Thu Nov 2024	86.99	92.44	92.44	86.99	0.056 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
09 Mon Dec 2024	79.16	76.23	81.00	72.50	0.261 times
29 Fri Nov 2024	76.23	88.95	96.70	75.31	0.358 times
31 Thu Oct 2024	87.21	75.95	87.21	67.32	43.799 times
30 Mon Sep 2024	75.95	76.50	77.90	73.00	1.409 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 to mid 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Sonam in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 but buying is losing 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 78.49 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 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 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.