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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 2024-03-21 View latest technical analysis

10 day averaged volume of Soma Textiles is 73172

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	35.75	37.00	37.00	34.60	2.367 times
20 Wed Mar 2024	35.25	35.25	35.25	35.25	0.559 times
19 Tue Mar 2024	33.60	33.60	33.60	33.60	0.154 times
18 Mon Mar 2024	32.00	29.05	32.00	29.05	0.935 times
15 Fri Mar 2024	30.50	31.90	31.90	30.40	0.929 times
14 Thu Mar 2024	32.00	32.10	32.85	31.70	1.52 times
13 Wed Mar 2024	33.35	36.75	36.75	33.25	3.866 times
12 Tue Mar 2024	35.00	35.00	35.00	35.00	0.226 times
11 Mon Mar 2024	33.35	33.35	33.35	33.35	0.341 times
07 Thu Mar 2024	31.80	31.80	31.80	31.80	0.282 times

Stock of Soma Textiles (SOMATEX) has showed a significant upmove. This could be a good time to enter in 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 33.7, but if it comes below 33.7, then a intra day sell could be more profitable.
If you take a sell trade below 33.7, then use 33.7 as stoploss and 30.24 as target. However if you take a buy trade in stock , then use 33.7 as stoploss and 37.9 as target.

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
Upside Target	36.75
Upside Target	37.00

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	30.87
Downside Intraday Target	25.98
Upside Intraday Target	38.82
Upside Intraday Target	41.88
Downside Intraday Target	33.93

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	35.75	29.05	37.00	29.05	0.583 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
21 Thu Mar 2024	35.75	27.60	37.00	27.10	1.019 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 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 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 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 and BUY 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

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 33.42 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.