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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 2024-04-18 View latest technical analysis

10 day averaged volume of Soma Textiles is 23618

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	31.60	30.10	31.60	30.10	0.355 times
16 Tue Apr 2024	30.10	30.00	31.00	29.25	0.851 times
15 Mon Apr 2024	30.40	31.95	31.95	30.25	0.731 times
12 Fri Apr 2024	31.55	32.15	32.15	31.05	0.652 times
10 Wed Apr 2024	32.00	32.35	32.55	31.85	0.707 times
09 Tue Apr 2024	31.85	31.25	33.00	31.25	1.073 times
08 Mon Apr 2024	31.95	33.50	33.85	31.70	1.878 times
05 Fri Apr 2024	32.85	33.50	34.00	32.60	0.911 times
04 Thu Apr 2024	33.20	33.20	34.55	33.05	0.689 times
03 Wed Apr 2024	33.50	33.95	33.95	33.00	0.9 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 31.4 as stoploss in an intra day buy trade for a target of 33.22. However, stock will show a bearish move below 31.4.

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
Upside Target	31.95
Upside Target	32.60
Upside Target	33.30
Upside Target	35.25
Upside Target	37.50

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	29.92
Downside Intraday Target	28.23
Upside Intraday Target	32.62
Upside Intraday Target	33.63
Downside Intraday Target	30.93

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	31.60	31.95	31.95	29.25	0.45 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
22 Fri Mar 2024	36.55	29.05	37.50	29.05	0.844 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 Thu Apr 2024	31.60	34.90	35.25	29.25	0.186 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 down 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 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 SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below 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 31.94 and Soma Textiles (SOMATEX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.