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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 2024-09-03 View latest technical analysis

10 day averaged volume of Somany Ceramics is 41473

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	710.05	713.35	726.90	702.95	0.522 times
02 Mon Sep 2024	712.65	723.70	723.80	707.00	0.774 times
30 Fri Aug 2024	720.05	721.05	734.80	715.05	0.436 times
29 Thu Aug 2024	717.45	733.25	733.25	713.35	0.37 times
28 Wed Aug 2024	729.60	741.90	747.00	727.00	0.385 times
27 Tue Aug 2024	740.05	739.00	743.15	727.05	1.485 times
26 Mon Aug 2024	735.30	735.05	741.25	731.50	1.065 times
23 Fri Aug 2024	734.25	745.75	745.75	730.10	3.486 times
22 Thu Aug 2024	745.75	731.00	753.00	728.85	0.749 times
21 Wed Aug 2024	731.10	738.45	745.00	725.00	0.523 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 706.7 as stoploss in an intra day buy trade for a target of 720.93. However, stock will show a bearish move below 706.7.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	615.00
Downside Target	657.00
Downside Target	688.00
Upside Target	744.65
Upside Target	746.05
Upside Target	747.00
Upside Target	753.00
Upside Target	788.00
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	699.7
Downside Intraday Target	689.35
Upside Intraday Target	723.65
Upside Intraday Target	737.25
Upside Intraday Target	713.3

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	710.05	723.70	726.90	702.95	0.346 times
30 Fri Aug 2024	720.05	735.05	747.00	713.35	0.619 times
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

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
03 Tue Sep 2024	710.05	723.70	726.90	702.95	0.057 times
30 Fri Aug 2024	720.05	779.55	788.00	688.00	0.69 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

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 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 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 Weak and stock is gaining momentum.

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

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 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 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

Although the stock is in the BUY zone, but buying 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 731.51 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.