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(SOMICONVEY) Somi Conv complete technical analysis [charts+indicators] | Buy/Sell Somi Conv | (SOMICONVEY) share price targets

Complete technical analysis of Somi Conv (SOMICONVEY) by charts plus indicators, forecast predictions and share price targets for Somi Conv (SOMICONVEY)

Somi Conv trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2023-10-27 View latest technical analysis

10 day averaged volume of Somi Conv is 311213

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Oct 2023	90.50	91.05	100.40	89.30	3.697 times
26 Thu Oct 2023	85.70	71.45	85.70	67.10	1.38 times
25 Wed Oct 2023	71.45	75.85	77.20	68.35	0.479 times
23 Mon Oct 2023	77.15	68.00	78.20	68.00	1.472 times
07 Wed Jun 2023	56.70	62.00	62.00	55.55	0.616 times
06 Tue Jun 2023	61.65	62.05	64.20	60.00	1.446 times
05 Mon Jun 2023	60.55	52.50	61.10	50.80	3.683 times
02 Fri Jun 2023	50.95	51.65	51.80	50.65	0.114 times
01 Thu Jun 2023	50.60	51.50	52.70	49.55	0.164 times
31 Wed May 2023	51.50	52.00	54.90	50.25	0.614 times

Stock of Somi Conv (SOMICONVEY) has showed a significant upmove. This could be a good time to enter in this stock!

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 86, for a target of 70.1 or 56.94

Share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Target	33.45
Downside Target	36.50
Downside Target	40.60
Downside Target	44.55
Downside Target	46.10
Downside Target	47.10
Downside Target	49.55
Downside Target	50.80
Downside Target	54.90
Downside Target	59.50
Downside Target	64.20
Downside Target	67.10
Upside Target	100.40

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	71.6
Downside Intraday Target	52.7
Upside Intraday Target	104.9
Upside Intraday Target	119.3
Downside Intraday Target	86

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Oct 2023	90.50	68.00	100.40	67.10	1.223 times
07 Wed Jun 2023	56.70	52.50	64.20	50.80	5.939 times
02 Fri Jun 2023	50.95	48.40	54.90	46.10	0.982 times
26 Fri May 2023	48.40	47.30	54.90	47.30	6.322 times
19 Fri May 2023	47.95	48.20	51.00	47.10	0.358 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 Somi Conv (SOMICONVEY)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Oct 2023	90.50	68.00	100.40	67.10	1.167 times
07 Wed Jun 2023	56.70	51.50	64.20	49.55	2.383 times
31 Wed May 2023	51.50	46.95	54.90	44.55	0.955 times
28 Fri Apr 2023	46.80	38.30	59.50	36.50	8.163 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 Somi Conv (SOMICONVEY)

Price action analysis of Somi Conv ( (SOMICONVEY) ) 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 Somi Conv ( (SOMICONVEY) ) based on a short to mid 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 Somi Conv ( (SOMICONVEY) ) 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 Somi Conv stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Somi Conv 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.

Somi Conv Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 Somi Conv 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 Somi Conv is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 72.7 and Somi Conv (SOMICONVEY) 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 Somi Conv (SOMICONVEY) stock. Volume based technical analysis of Somi Conv (SOMICONVEY) stock is negative.

Somi Conv 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.