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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 2024-11-06 View latest technical analysis

10 day averaged volume of Soma Textiles is 375084

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	49.25	50.65	52.28	48.15	0.513 times
05 Tue Nov 2024	50.12	45.85	53.50	44.60	1.561 times
04 Mon Nov 2024	45.25	47.60	47.60	44.85	0.17 times
01 Fri Nov 2024	46.96	47.98	47.98	46.10	0.085 times
31 Thu Oct 2024	45.53	47.30	49.50	44.60	0.405 times
30 Wed Oct 2024	46.59	47.07	48.50	45.65	0.405 times
29 Tue Oct 2024	46.16	44.80	49.45	42.57	0.854 times
28 Mon Oct 2024	43.67	46.50	46.50	43.11	0.367 times
25 Fri Oct 2024	44.57	48.31	48.31	42.35	0.822 times
24 Thu Oct 2024	48.38	51.29	53.65	46.56	4.395 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49.2, but if it comes below 49.2, then a intra day sell could be more profitable.
If you take a sell trade below 49.2, then use 49.2 as stoploss and 46.21 as target. However if you take a buy trade in stock , then use 49.2 as stoploss and 52.8 as target.

Share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Target	29.25
Downside Target	32.21
Downside Target	34.55
Downside Target	35.25
Downside Target	36.50
Downside Target	37.31
Downside Target	42.20
Downside Target	44.60
Upside Target	49.50
Upside Target	53.01
Upside Target	53.50
Upside Target	53.65
Upside Target	55.30

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	44.73
Downside Intraday Target	40.22
Upside Intraday Target	53.63
Upside Intraday Target	58.02
Downside Intraday Target	49.12

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	49.25	47.60	53.50	44.60	1.06 times
01 Fri Nov 2024	46.96	46.50	49.50	42.57	0.314 times
25 Fri Oct 2024	44.57	44.45	53.65	37.31	2.296 times
18 Fri Oct 2024	44.36	53.00	53.01	43.24	0.289 times
11 Fri Oct 2024	51.59	39.20	55.30	35.25	2.273 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
06 Wed Nov 2024	49.25	47.98	53.50	44.60	0.099 times
31 Thu Oct 2024	45.53	43.38	55.30	35.25	3.397 times
30 Mon Sep 2024	43.54	36.49	43.57	34.55	2.281 times
30 Fri Aug 2024	35.07	35.00	36.50	32.21	0.934 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 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.

Price action analysis of Soma Textiles ( (SOMATEX) ) based on a short to mid 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 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 losing 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 47.74 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.