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(SOMATEX) Soma Textiles complete technical analysis [charts+indicators] | Buy/Sell Soma Textiles | (SOMATEX) share price targets

Complete technical analysis of Soma Textiles (SOMATEX) by charts plus indicators, forecast predictions and share price targets for Soma Textiles (SOMATEX)

Soma Textiles trades in NSE in Textiles sector.

10 day averaged volume of Soma Textiles is 52509

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	38.20	42.20	42.20	38.20	9.267 times
25 Thu Apr 2024	40.20	40.20	40.20	39.10	6.501 times
24 Wed Apr 2024	38.30	38.30	38.30	38.30	0.429 times
23 Tue Apr 2024	36.50	36.50	36.50	36.50	0.44 times
22 Mon Apr 2024	34.80	34.80	34.80	34.80	0.334 times
19 Fri Apr 2024	33.15	33.15	33.15	33.15	0.814 times
18 Thu Apr 2024	31.60	30.10	31.60	30.10	0.16 times
16 Tue Apr 2024	30.10	30.00	31.00	29.25	0.383 times
15 Mon Apr 2024	30.40	31.95	31.95	30.25	0.329 times
12 Fri Apr 2024	31.55	32.15	32.15	31.05	0.293 times

Stock of Soma Textiles (SOMATEX) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 36.4, but if it comes below 36.4, then a intra day sell could be more profitable.
If you take a sell trade below 36.4, then use 36.4 as stoploss and 33.81 as target. However if you take a buy trade in stock , then use 36.4 as stoploss and 39.6 as target.

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Target	20.35
Downside Target	22.40
Downside Target	23.05
Downside Target	24.90
Downside Target	27.10
Downside Target	28.90
Downside Target	31.05
Downside Target	32.60
Downside Target	34.80
Downside Target	35.25
Downside Target	37.50
Upside Target	42.20

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	34.6
Downside Intraday Target	31
Upside Intraday Target	42
Upside Intraday Target	45.8
Upside Intraday Target	38.4

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	38.20	34.80	42.20	34.80	10.067 times
19 Fri Apr 2024	33.15	31.95	33.15	29.25	0.87 times
12 Fri Apr 2024	31.55	33.50	33.85	31.05	0.731 times
05 Fri Apr 2024	32.85	34.90	35.25	32.60	0.691 times
28 Thu Mar 2024	33.60	37.50	37.50	33.30	0.474 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 Soma Textiles (SOMATEX)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	38.20	34.90	42.20	29.25	0.794 times
28 Thu Mar 2024	33.60	27.60	37.50	27.10	1.3 times
29 Thu Feb 2024	26.30	25.70	28.90	22.40	1.846 times
06 Tue Jun 2023	27.30	23.65	27.30	23.05	0.47 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 Soma Textiles (SOMATEX)

Price action analysis of Soma Textiles ( (SOMATEX) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Soma Textiles ( (SOMATEX) ) 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 Soma Textiles ( (SOMATEX) ) 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 Soma Textiles ( (SOMATEX) ) 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 Soma Textiles stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Soma Textiles in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Soma Textiles 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Soma Textiles 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 Soma Textiles is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.11 and Soma Textiles (SOMATEX) 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 Soma Textiles (SOMATEX) stock. Volume based technical analysis of Soma Textiles (SOMATEX) stock is negative.

Soma Textiles 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.