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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 2024-07-16 View latest technical analysis

10 day averaged volume of Somany Ceramics is 69778

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	776.15	791.00	791.00	773.35	0.312 times
15 Mon Jul 2024	780.20	780.30	799.00	766.20	1.28 times
12 Fri Jul 2024	776.40	793.10	799.55	771.05	0.717 times
11 Thu Jul 2024	794.45	793.00	821.00	789.40	1.099 times
10 Wed Jul 2024	792.75	793.80	822.00	761.00	1.076 times
09 Tue Jul 2024	788.55	828.75	831.80	777.95	1.498 times
08 Mon Jul 2024	824.60	810.60	830.00	792.75	0.986 times
05 Fri Jul 2024	806.25	818.00	822.80	803.50	0.66 times
04 Thu Jul 2024	816.75	830.00	831.75	811.65	0.657 times
03 Wed Jul 2024	830.00	826.90	836.80	822.00	1.308 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 760.9 as stoploss in an intra day buy trade for a target of 791.78. However, stock will show a bearish move below 760.9.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	561.20
Downside Target	583.00
Downside Target	615.00
Downside Target	653.40
Downside Target	688.40
Downside Target	726.10
Downside Target	742.70
Upside Target	799.00
Upside Target	807.85
Upside Target	831.80
Upside Target	842.45
Upside Target	872.60

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	761.9
Downside Intraday Target	747.65
Upside Intraday Target	794.7
Upside Intraday Target	813.25
Upside Intraday Target	780.45

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	776.15	780.30	799.00	766.20	0.296 times
12 Fri Jul 2024	776.40	810.60	831.80	761.00	1.158 times
05 Fri Jul 2024	806.25	836.90	842.45	803.50	0.213 times
28 Fri Jun 2024	832.40	745.75	872.60	742.70	5.361 times
21 Fri Jun 2024	742.70	736.80	757.40	726.10	0.653 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 Somany Ceramics (SOMANYCERA)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	776.15	836.90	842.45	761.00	0.33 times
28 Fri Jun 2024	832.40	729.00	872.60	657.00	0.608 times
31 Fri May 2024	714.90	630.90	807.85	615.00	6.521 times
30 Tue Apr 2024	630.90	584.00	653.40	583.00	0.64 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 Somany Ceramics (SOMANYCERA)

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short 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 Somany Ceramics ( (SOMANYCERA) ) based on a short to mid 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 Somany Ceramics ( (SOMANYCERA) ) 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 Somany Ceramics stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Somany Ceramics 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 Somany Ceramics in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 799.78 and Somany Ceramics (SOMANYCERA) 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 Somany Ceramics (SOMANYCERA) stock. Volume based technical analysis of Somany Ceramics (SOMANYCERA) stock is negative.

Somany Ceramics 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.