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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)

10 day averaged volume of Sonam is 238279

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	83.54	83.54	83.54	83.54	0.197 times
18 Mon Nov 2024	85.25	85.25	85.25	85.25	0.185 times
14 Thu Nov 2024	86.99	86.99	86.99	86.99	0.132 times
13 Wed Nov 2024	88.77	88.77	88.77	88.77	0.104 times
12 Tue Nov 2024	90.59	90.59	90.59	90.59	0.2 times
11 Mon Nov 2024	92.44	92.44	92.44	92.44	0.082 times
08 Fri Nov 2024	94.33	96.70	96.70	94.33	0.936 times
07 Thu Nov 2024	96.26	96.26	96.26	96.26	1.76 times
06 Wed Nov 2024	94.38	94.38	94.38	94.38	1.837 times
05 Tue Nov 2024	92.53	92.53	92.53	92.53	2.251 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 82.1 as stoploss in an intra day buy trade for a target of 87.21. However, stock will show a bearish move below 82.1.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	70.25
Downside Target	73.00
Downside Target	74.85
Downside Target	77.89
Downside Target	81.34
Upside Target	85.25
Upside Target	86.99
Upside Target	87.21
Upside Target	88.95
Upside Target	89.95
Upside Target	92.44
Upside Target	96.70

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	82.97
Downside Intraday Target	82.4
Upside Intraday Target	84.68
Upside Intraday Target	85.82
Upside Intraday Target	84.11

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	83.54	85.25	85.25	83.54	0.738 times
14 Thu Nov 2024	86.99	92.44	92.44	86.99	0.056 times
08 Fri Nov 2024	94.33	90.72	96.70	89.95	0.52 times
01 Fri Nov 2024	88.95	82.19	88.95	82.19	0.541 times
25 Fri Oct 2024	80.58	77.89	81.34	77.89	22.776 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
19 Tue Nov 2024	83.54	88.95	96.70	83.54	0.188 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
25 Thu Jan 2024	73.20	72.00	74.85	66.50	0.666 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 neutral. A longer time frame might give a better analysis.

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 gaining 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 in or below 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 but buying is losing 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 93.44 and Sonam (SONAMLTD_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.