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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 2024-07-31 View latest technical analysis

10 day averaged volume of Somany Ceramics is 50439

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	775.65	776.35	794.15	771.15	1.409 times
30 Tue Jul 2024	772.50	768.00	786.45	765.95	0.997 times
29 Mon Jul 2024	767.25	755.85	781.00	755.85	1.244 times
26 Fri Jul 2024	760.30	775.00	775.00	752.35	2.025 times
25 Thu Jul 2024	763.60	764.30	766.30	754.05	0.306 times
24 Wed Jul 2024	764.30	739.00	778.30	738.45	0.913 times
23 Tue Jul 2024	739.00	744.60	748.85	716.00	0.756 times
22 Mon Jul 2024	738.90	740.90	768.80	727.00	1.847 times
19 Fri Jul 2024	740.90	772.75	774.55	736.20	0.971 times
18 Thu Jul 2024	772.75	776.15	785.00	765.05	0.51 times

My analysis of stock is bearish for shortterm, and stock might move down till 753.5 or till 722.8. Use a stoploss of 779.06 and if the stock hits stoploss, then it can shoot up till 804.63

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	716.00
Downside Target	736.20
Downside Target	755.85
Upside Target	778.30
Upside Target	794.15
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	756.28
Downside Intraday Target	736.92
Upside Intraday Target	794.58
Upside Intraday Target	813.52
Downside Intraday Target	775.22

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	775.65	755.85	794.15	755.85	0.624 times
26 Fri Jul 2024	760.30	740.90	778.30	716.00	1.588 times
19 Fri Jul 2024	740.90	780.30	799.00	736.20	0.495 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

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
31 Wed Jul 2024	775.65	836.90	842.45	716.00	0.556 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Somany Ceramics in short term but the sell 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 green color and prices are above the green 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 758.39 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 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.