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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.

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Soma Textiles is 127196

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	30.30	30.00	30.30	28.90	0.683 times
05 Tue Mar 2024	28.90	27.10	28.90	27.10	0.255 times
04 Mon Mar 2024	27.55	30.35	30.35	27.50	1.971 times
02 Sat Mar 2024	28.95	28.95	28.95	28.95	0.034 times
01 Fri Mar 2024	27.60	27.60	27.60	27.60	0.1 times
29 Thu Feb 2024	26.30	28.90	28.90	26.20	5.828 times
28 Wed Feb 2024	27.55	27.55	27.55	27.55	1.015 times
27 Tue Feb 2024	26.25	26.25	26.25	26.25	0.134 times
26 Mon Feb 2024	25.00	25.00	25.00	25.00	0.217 times
23 Fri Feb 2024	23.85	22.85	23.85	22.85	0.288 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 30.8, for a target of 28 or 25.71

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Target	9.00
Downside Target	20.35
Downside Target	22.05
Downside Target	23.05
Downside Target	24.80
Downside Target	25.60
Downside Target	26.95
Downside Target	27.30
Downside Target	28.90
Downside Target	28.95
Upside Target	30.35

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	28.15
Downside Intraday Target	26
Upside Intraday Target	31.4
Upside Intraday Target	32.5
Downside Intraday Target	29.25

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	30.30	30.35	30.35	27.10	0.397 times
02 Sat Mar 2024	28.95	25.00	28.95	25.00	3.48 times
23 Fri Feb 2024	23.85	25.70	26.95	22.40	0.989 times
06 Tue Jun 2023	27.30	25.60	27.30	25.60	0.222 times
02 Fri Jun 2023	24.80	20.35	24.80	20.35	2.268 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 Soma Textiles (SOMATEX)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	30.30	27.60	30.35	27.10	0.327 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
31 Wed May 2023	22.55	24.90	24.90	20.35	0.497 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 moving up

CCI has generated a buy signal for Soma Textiles in short term and BUY 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 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 26.9 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.