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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 2024-03-18 View latest technical analysis

10 day averaged volume of Soma Textiles is 89868

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	32.00	29.05	32.00	29.05	0.761 times
15 Fri Mar 2024	30.50	31.90	31.90	30.40	0.757 times
14 Thu Mar 2024	32.00	32.10	32.85	31.70	1.238 times
13 Wed Mar 2024	33.35	36.75	36.75	33.25	3.148 times
12 Tue Mar 2024	35.00	35.00	35.00	35.00	0.184 times
11 Mon Mar 2024	33.35	33.35	33.35	33.35	0.278 times
07 Thu Mar 2024	31.80	31.80	31.80	31.80	0.23 times
06 Wed Mar 2024	30.30	30.00	30.30	28.90	0.967 times
05 Tue Mar 2024	28.90	27.10	28.90	27.10	0.36 times
04 Mon Mar 2024	27.55	30.35	30.35	27.50	2.79 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 32.1 as stoploss in an intra day sell trade for a target of 28.54. However, stock will show a bullish move above 32.1.

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	26.95
Downside Target	28.90
Downside Target	29.05
Downside Target	30.40
Downside Target	31.80
Downside Target	32.00
Upside Target	36.75

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	30.03
Downside Intraday Target	28.07
Upside Intraday Target	32.98
Upside Intraday Target	33.97
Downside Intraday Target	31.02

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	32.00	29.05	32.00	29.05	0.136 times
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

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
18 Mon Mar 2024	32.00	27.60	36.75	27.10	0.828 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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. Bears are getting stronger in this stock.

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 but BUY signal is weak.

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 30.96 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.