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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 2024-08-02 View latest technical analysis

10 day averaged volume of Somany Ceramics is 57120

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	748.20	750.00	752.80	728.30	1.919 times
01 Thu Aug 2024	773.70	779.55	788.00	765.00	0.757 times
31 Wed Jul 2024	775.65	776.35	794.15	771.15	1.244 times
30 Tue Jul 2024	772.50	768.00	786.45	765.95	0.88 times
29 Mon Jul 2024	767.25	755.85	781.00	755.85	1.098 times
26 Fri Jul 2024	760.30	775.00	775.00	752.35	1.788 times
25 Thu Jul 2024	763.60	764.30	766.30	754.05	0.271 times
24 Wed Jul 2024	764.30	739.00	778.30	738.45	0.806 times
23 Tue Jul 2024	739.00	744.60	748.85	716.00	0.667 times
22 Mon Jul 2024	738.90	740.90	768.80	727.00	1.631 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 751.3, but if it comes above 751.3, then a intra day buy could be more profitable.
If you take a sell trade below 751.3, then use 751.3 as stoploss and 725.5 as target. However if you take a buy trade in stock , then use 751.3 as stoploss and 772.82 as target.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	583.00
Downside Target	615.00
Downside Target	653.40
Downside Target	716.00
Upside Target	761.00
Upside Target	778.30
Upside Target	799.00
Upside Target	803.50
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	719.62
Downside Intraday Target	691.03
Upside Intraday Target	785.47
Upside Intraday Target	822.73
Upside Intraday Target	756.88

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	748.20	755.85	794.15	728.30	1.142 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 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
02 Fri Aug 2024	748.20	779.55	788.00	728.30	0.112 times
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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 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 758.44 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 is giving positive 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.