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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.

10 day averaged volume of Soma Textiles is 23090

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	38.30	38.30	38.30	38.30	0.975 times
23 Tue Apr 2024	36.50	36.50	36.50	36.50	1 times
22 Mon Apr 2024	34.80	34.80	34.80	34.80	0.758 times
19 Fri Apr 2024	33.15	33.15	33.15	33.15	1.851 times
18 Thu Apr 2024	31.60	30.10	31.60	30.10	0.364 times
16 Tue Apr 2024	30.10	30.00	31.00	29.25	0.871 times
15 Mon Apr 2024	30.40	31.95	31.95	30.25	0.748 times
12 Fri Apr 2024	31.55	32.15	32.15	31.05	0.667 times
10 Wed Apr 2024	32.00	32.35	32.55	31.85	0.723 times
09 Tue Apr 2024	31.85	31.25	33.00	31.25	1.097 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 38.1, for a target of 35.6 or 33.53

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
Downside Target	34.80
Downside Target	35.25
Downside Target	37.50
Downside Target	38.30

Intraday share price targets for Soma Textiles (SOMATEX)

Target Type	Value
Downside Intraday Target	35.97
Downside Intraday Target	33.63
Upside Intraday Target	39.47
Upside Intraday Target	40.63
Downside Intraday Target	37.13

Weekly technical analysis of Soma Textiles (SOMATEX)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	38.30	34.80	38.30	34.80	0.713 times
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

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
24 Wed Apr 2024	38.30	34.90	38.30	29.25	0.255 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 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 neutral. A longer time frame might give a better analysis.

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 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Soma Textiles is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 33.26 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.