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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 2024-09-18 View latest technical analysis

10 day averaged volume of Somany Ceramics is 23284

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	716.00	720.00	722.45	711.90	0.866 times
17 Tue Sep 2024	717.30	728.00	728.00	710.25	0.71 times
16 Mon Sep 2024	724.60	729.45	730.00	721.00	0.994 times
13 Fri Sep 2024	725.80	716.10	729.80	712.35	2.25 times
12 Thu Sep 2024	712.35	717.75	718.75	708.15	0.655 times
11 Wed Sep 2024	714.15	715.00	724.95	710.00	0.801 times
10 Tue Sep 2024	714.50	715.45	725.00	710.15	0.708 times
09 Mon Sep 2024	711.85	711.95	718.65	697.20	1.152 times
06 Fri Sep 2024	709.35	731.60	731.60	705.00	0.874 times
05 Thu Sep 2024	727.95	719.90	730.95	713.10	0.947 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 711.4 as stoploss in an intra day buy trade for a target of 721.77. However, stock will show a bearish move below 711.4.

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	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	707.5
Downside Intraday Target	699
Upside Intraday Target	727.25
Upside Intraday Target	738.5
Upside Intraday Target	718.75

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	716.00	729.45	730.00	710.25	0.462 times
13 Fri Sep 2024	725.80	711.95	729.80	697.20	1.105 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

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
18 Wed Sep 2024	716.00	723.70	731.60	697.20	0.326 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 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 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 gaining 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 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 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 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 718.74 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 positive

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