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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 2024-10-01 View latest technical analysis

10 day averaged volume of Somany Ceramics is 32663

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	735.60	732.20	739.00	724.50	0.875 times
30 Mon Sep 2024	728.55	703.00	736.15	691.30	1.929 times
27 Fri Sep 2024	701.10	704.00	711.05	695.55	0.356 times
26 Thu Sep 2024	704.85	724.15	724.15	701.00	0.387 times
25 Wed Sep 2024	720.50	717.20	724.00	710.10	0.514 times
24 Tue Sep 2024	713.60	689.20	725.00	683.30	2.602 times
23 Mon Sep 2024	700.15	727.80	729.45	676.95	1.466 times
20 Fri Sep 2024	727.80	729.80	730.85	716.05	0.552 times
19 Thu Sep 2024	722.80	724.00	724.45	713.45	1.071 times
18 Wed Sep 2024	716.00	720.00	722.45	711.90	0.617 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 737.6, for a target of 726.5 or 717.26

Share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Target	657.00
Downside Target	676.95
Downside Target	729.80
Downside Target	730.85
Downside Target	731.60
Upside Target	736.15
Upside Target	739.00
Upside Target	788.00
Upside Target	842.45
Upside Target	872.60

Intraday share price targets for Somany Ceramics (SOMANYCERA)

Target Type	Value
Downside Intraday Target	704.93
Downside Intraday Target	674.27
Upside Intraday Target	752.63
Upside Intraday Target	769.67
Downside Intraday Target	721.97

Weekly technical analysis of Somany Ceramics (SOMANYCERA)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	735.60	703.00	739.00	691.30	0.527 times
27 Fri Sep 2024	701.10	727.80	729.45	676.95	1.541 times
20 Fri Sep 2024	727.80	729.45	730.85	710.25	0.871 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

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
01 Tue Oct 2024	735.60	732.20	739.00	724.50	0.048 times
30 Mon Sep 2024	728.55	723.70	736.15	676.95	0.634 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

Scroll below to view daily charts

Price has moved up 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 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 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 short to mid 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 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 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Somany Ceramics in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Somany Ceramics is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 717.77 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 positive

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