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(SOMANYCERA) Somany Ceramics complete technical analysis [charts+indicators] | Buy/Sell Somany Ceramics | (SOMANYCERA) share price targets

Complete technical analysis of Somany Ceramics (SOMANYCERA) by charts plus indicators, forecast predictions and share price targets for Somany Ceramics (SOMANYCERA)

Somany Ceramics trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2024-04-24 View latest technical analysis

10 day averaged volume of Somany Ceramics is 22470

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	636.45	630.55	644.35	627.55	0.835 times
23 Tue Apr 2024	627.45	612.45	631.00	612.45	1.526 times
22 Mon Apr 2024	612.35	602.05	617.00	601.00	1.04 times
19 Fri Apr 2024	602.05	603.00	615.75	586.60	0.86 times
18 Thu Apr 2024	606.95	601.50	611.90	600.90	0.613 times
16 Tue Apr 2024	597.95	601.00	615.75	594.15	1.029 times
15 Mon Apr 2024	603.70	604.30	616.25	592.35	1.189 times
12 Fri Apr 2024	612.30	610.00	618.00	607.70	0.98 times
10 Wed Apr 2024	615.75	615.90	628.00	609.05	1.158 times
09 Tue Apr 2024	612.65	621.65	628.00	608.50	1.022 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 641.7, for a target of 624.2 or 609.51

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	573.05
Downside Target	601.00
Upside Target	644.35
Upside Target	649.05
Upside Target	661.60
Upside Target	675.60
Upside Target	688.40
Upside Target	739.00
Upside Target	755.00
Upside Target	766.55

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	610.18
Downside Intraday Target	583.92
Upside Intraday Target	653.53
Upside Intraday Target	670.62
Downside Intraday Target	627.27

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	636.45	602.05	644.35	601.00	0.921 times
19 Fri Apr 2024	602.05	604.30	616.25	586.60	0.986 times
12 Fri Apr 2024	612.30	631.45	631.45	607.70	0.344 times
05 Fri Apr 2024	623.65	584.00	628.00	583.00	1.163 times
28 Thu Mar 2024	577.35	628.00	628.55	573.05	0.46 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 Somany Ceramics (SOMANYCERA)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	636.45	584.00	644.35	583.00	0.504 times
28 Thu Mar 2024	577.35	657.05	688.40	561.20	0.733 times
29 Thu Feb 2024	655.10	712.00	755.00	649.05	1.474 times
31 Wed Jan 2024	708.50	720.00	739.00	661.60	0.59 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 Somany Ceramics (SOMANYCERA)

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short 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 Somany Ceramics ( (SOMANYCERA) ) 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 Somany Ceramics ( (SOMANYCERA) ) 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 Somany Ceramics ( (SOMANYCERA) ) 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 Somany Ceramics stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Somany Ceramics in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Somany Ceramics Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Somany Ceramics 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Somany Ceramics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 613.33 and Somany Ceramics (SOMANYCERA) 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 Somany Ceramics (SOMANYCERA) stock. Volume based technical analysis of Somany Ceramics (SOMANYCERA) stock is negative.

Somany Ceramics Stock is giving positive 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.