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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 2024-08-23 View latest technical analysis

10 day averaged volume of Somany Ceramics is 27738

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	734.25	745.75	745.75	730.10	5.212 times
22 Thu Aug 2024	745.75	731.00	753.00	728.85	1.119 times
21 Wed Aug 2024	731.10	738.45	745.00	725.00	0.782 times
20 Tue Aug 2024	731.15	740.05	753.00	724.00	1.087 times
19 Mon Aug 2024	734.90	714.00	740.35	714.00	0.831 times
16 Fri Aug 2024	712.45	710.50	730.00	705.00	0.762 times
14 Wed Aug 2024	703.25	715.20	715.20	700.00	0.646 times
13 Tue Aug 2024	704.65	712.50	719.00	702.00	0.789 times
12 Mon Aug 2024	715.25	735.80	744.65	712.00	1.187 times
09 Fri Aug 2024	730.40	716.70	746.05	715.15	2.028 times

Stock of Somany Ceramics (SOMANYCERA) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 758.8 or till 789.6. Use a stoploss of 733.11 and if this stock hits its stoploss, then it can fall down till 707.44

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	583.00
Downside Target	615.00
Downside Target	653.40
Downside Target	688.00
Downside Target	714.00
Upside Target	744.65
Upside Target	753.00
Upside Target	778.30
Upside Target	788.00
Upside Target	794.15
Upside Target	807.85
Upside Target	842.45
Upside Target	872.60

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	714.5
Downside Intraday Target	694.75
Upside Intraday Target	753.5
Upside Intraday Target	772.75
Downside Intraday Target	733.75

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	734.25	714.00	753.00	714.00	2.669 times
16 Fri Aug 2024	712.45	735.80	744.65	700.00	0.325 times
09 Fri Aug 2024	730.40	719.00	746.05	688.00	0.857 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	734.25	779.55	788.00	688.00	0.576 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 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 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 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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Somany Ceramics in short term but SELL signal is weak.

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 728.52 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.