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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 2025-01-06 View latest technical analysis

10 day averaged volume of Sonam is 287105

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	66.38	70.70	70.80	66.11	0.344 times
03 Fri Jan 2025	69.59	68.98	71.75	67.60	0.523 times
02 Thu Jan 2025	68.34	66.97	69.50	66.06	0.509 times
01 Wed Jan 2025	67.06	65.46	68.90	64.04	0.588 times
31 Tue Dec 2024	66.55	67.20	67.94	63.12	0.889 times
30 Mon Dec 2024	66.45	69.98	69.98	66.11	1.558 times
27 Fri Dec 2024	69.59	69.69	70.85	68.56	0.456 times
26 Thu Dec 2024	69.46	71.45	71.48	68.36	1.498 times
24 Tue Dec 2024	71.96	74.00	74.00	70.60	1.559 times
23 Mon Dec 2024	74.32	75.99	76.59	73.00	0.501 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 68.4, but if it comes above 68.4, then a intra day buy could be more profitable.
If you take a sell trade below 68.4, then use 68.4 as stoploss and 63.3 as target. However if you take a buy trade in stock , then use 68.4 as stoploss and 72.59 as target.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	63.12
Downside Target	66.11
Upside Target	70.80
Upside Target	75.31
Upside Target	76.59
Upside Target	77.90
Upside Target	80.70
Upside Target	80.99
Upside Target	81.00
Upside Target	87.21
Upside Target	96.70

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	64.73
Downside Intraday Target	63.07
Upside Intraday Target	69.42
Upside Intraday Target	72.45
Upside Intraday Target	67.76

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	66.38	70.70	70.80	66.11	0.085 times
03 Fri Jan 2025	69.59	69.98	71.75	63.12	1.013 times
27 Fri Dec 2024	69.59	75.99	76.59	68.36	0.602 times
20 Fri Dec 2024	75.73	74.40	80.70	72.50	2.772 times
13 Fri Dec 2024	74.33	79.95	80.99	73.00	0.689 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
06 Mon Jan 2025	66.38	65.46	71.75	64.04	0.103 times
31 Tue Dec 2024	66.55	76.23	81.00	63.12	1.136 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 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 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 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 69 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.