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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 2024-07-18 View latest technical analysis

10 day averaged volume of Somany Ceramics is 66940

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	772.75	776.15	785.00	765.05	0.384 times
16 Tue Jul 2024	776.15	791.00	791.00	773.35	0.325 times
15 Mon Jul 2024	780.20	780.30	799.00	766.20	1.334 times
12 Fri Jul 2024	776.40	793.10	799.55	771.05	0.748 times
11 Thu Jul 2024	794.45	793.00	821.00	789.40	1.145 times
10 Wed Jul 2024	792.75	793.80	822.00	761.00	1.121 times
09 Tue Jul 2024	788.55	828.75	831.80	777.95	1.562 times
08 Mon Jul 2024	824.60	810.60	830.00	792.75	1.027 times
05 Fri Jul 2024	806.25	818.00	822.80	803.50	0.688 times
04 Thu Jul 2024	816.75	830.00	831.75	811.65	0.685 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 765.4 as stoploss in an intra day buy trade for a target of 793.69. However, stock will show a bearish move below 765.4.

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	758.87
Downside Intraday Target	744.98
Upside Intraday Target	792.82
Upside Intraday Target	812.88
Upside Intraday Target	778.93

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	772.75	780.30	799.00	765.05	0.365 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
18 Thu Jul 2024	772.75	836.90	842.45	761.00	0.341 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 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 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 gaining 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 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 794.06 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.