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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 2024-09-10 View latest technical analysis

10 day averaged volume of Somany Ceramics is 25513

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	714.50	715.45	725.00	710.15	0.646 times
09 Mon Sep 2024	711.85	711.95	718.65	697.20	1.051 times
06 Fri Sep 2024	709.35	731.60	731.60	705.00	0.798 times
05 Thu Sep 2024	727.95	719.90	730.95	713.10	0.864 times
04 Wed Sep 2024	716.30	711.00	723.40	705.55	0.83 times
03 Tue Sep 2024	710.05	713.35	726.90	702.95	0.849 times
02 Mon Sep 2024	712.65	723.70	723.80	707.00	1.258 times
30 Fri Aug 2024	720.05	721.05	734.80	715.05	0.709 times
29 Thu Aug 2024	717.45	733.25	733.25	713.35	0.601 times
28 Wed Aug 2024	729.60	741.90	747.00	727.00	0.626 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 709.9 as stoploss in an intra day buy trade for a target of 722.13. However, stock will show a bearish move below 709.9.

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	615.00
Downside Target	657.00
Downside Target	688.00
Upside Target	731.60
Upside Target	744.65
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	699.47
Downside Intraday Target	684.43
Upside Intraday Target	727.27
Upside Intraday Target	740.03
Downside Intraday Target	712.23

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	714.50	711.95	725.00	697.20	0.369 times
06 Fri Sep 2024	709.35	723.70	731.60	702.95	0.756 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

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
10 Tue Sep 2024	714.50	723.70	731.60	697.20	0.171 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Somany Ceramics ( (SOMANYCERA) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Somany Ceramics stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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 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 moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 716.36 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.