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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 2024-03-15 View latest technical analysis

10 day averaged volume of Soma Textiles is 84346

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	30.50	31.90	31.90	30.40	0.806 times
14 Thu Mar 2024	32.00	32.10	32.85	31.70	1.319 times
13 Wed Mar 2024	33.35	36.75	36.75	33.25	3.354 times
12 Tue Mar 2024	35.00	35.00	35.00	35.00	0.196 times
11 Mon Mar 2024	33.35	33.35	33.35	33.35	0.296 times
07 Thu Mar 2024	31.80	31.80	31.80	31.80	0.245 times
06 Wed Mar 2024	30.30	30.00	30.30	28.90	1.03 times
05 Tue Mar 2024	28.90	27.10	28.90	27.10	0.384 times
04 Mon Mar 2024	27.55	30.35	30.35	27.50	2.973 times
02 Sat Mar 2024	28.95	28.95	28.95	28.95	0.051 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 31.8 as stoploss in an intra day sell trade for a target of 28.22. However, stock will show a bullish move above 31.8.

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	24.90
Downside Target	25.60
Downside Target	26.95
Downside Target	28.90
Downside Target	28.95
Downside Target	30.40
Upside Target	31.80
Upside Target	36.75

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	28.35
Downside Intraday Target	26.2
Upside Intraday Target	34.7
Upside Intraday Target	38.9
Upside Intraday Target	32.55

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	30.50	33.35	36.75	30.40	1.289 times
07 Thu Mar 2024	31.80	30.35	31.80	27.10	0.419 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

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 Soma Textiles (SOMATEX)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	30.50	27.60	36.75	27.10	0.77 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 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 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 Soma Textiles ( (SOMATEX) ) based on a short to mid 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Soma Textiles in short term but the sell signal is initial and weak.

Soma Textiles 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Soma Textiles in short term and SELL signal is strong!

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

MRSI is in negative zone. This is the SELL zone

Stock of Soma Textiles is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 30.87 and Soma Textiles (SOMATEX) stock is trading below this level. This means that stock is falling with high volumes. 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.