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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 2024-04-19 View latest technical analysis

10 day averaged volume of Soma Textiles is 20659

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	33.15	33.15	33.15	33.15	2.069 times
18 Thu Apr 2024	31.60	30.10	31.60	30.10	0.406 times
16 Tue Apr 2024	30.10	30.00	31.00	29.25	0.973 times
15 Mon Apr 2024	30.40	31.95	31.95	30.25	0.836 times
12 Fri Apr 2024	31.55	32.15	32.15	31.05	0.745 times
10 Wed Apr 2024	32.00	32.35	32.55	31.85	0.808 times
09 Tue Apr 2024	31.85	31.25	33.00	31.25	1.226 times
08 Mon Apr 2024	31.95	33.50	33.85	31.70	2.147 times
05 Fri Apr 2024	32.85	33.50	34.00	32.60	1.041 times
04 Thu Apr 2024	33.20	33.20	34.55	33.05	0.788 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 bearish for shortterm, and stock might move down till 31.5 or till 29.4. Use a stoploss of 33.28 and if the stock hits stoploss, then it can shoot up till 35.03

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
Downside Target	32.60
Upside Target	33.85
Upside Target	35.25
Upside Target	37.50

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	30.55
Downside Intraday Target	27.95
Upside Intraday Target	34.45
Upside Intraday Target	35.75
Downside Intraday Target	31.85

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	33.15	31.95	33.15	29.25	0.87 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
19 Fri Apr 2024	33.15	34.90	35.25	29.25	0.214 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 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls 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 32.02 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 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.