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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 2024-12-13 View latest technical analysis

10 day averaged volume of Sonam is 180602

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	74.33	75.22	76.00	73.00	0.425 times
12 Thu Dec 2024	75.66	78.30	78.30	73.45	0.684 times
11 Wed Dec 2024	75.40	79.98	79.98	75.00	0.692 times
10 Tue Dec 2024	77.31	80.99	80.99	76.05	0.613 times
09 Mon Dec 2024	79.16	79.95	80.94	78.00	1.412 times
06 Fri Dec 2024	77.92	76.74	78.26	72.50	0.946 times
05 Thu Dec 2024	74.54	75.70	77.89	74.02	1.012 times
04 Wed Dec 2024	76.53	77.23	79.70	73.36	1.702 times
03 Tue Dec 2024	77.23	79.50	81.00	76.26	0.842 times
02 Mon Dec 2024	78.61	76.23	78.90	74.01	1.048 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 75.7, but if it comes above 75.7, then a intra day buy could be more profitable.
If you take a sell trade below 75.7, then use 75.7 as stoploss and 71.5 as target. However if you take a buy trade in stock , then use 75.7 as stoploss and 79.27 as target.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	72.50
Upside Target	74.85
Upside 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	71.22
Downside Intraday Target	68.12
Upside Intraday Target	79.21
Upside Intraday Target	84.1
Upside Intraday Target	76.11

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	74.33	79.95	80.99	73.00	0.689 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 down 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
13 Fri Dec 2024	74.33	76.23	81.00	72.50	0.352 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 down 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

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 red color and prices are below the red 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 76.95 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.