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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 2024-06-27 View latest technical analysis

10 day averaged volume of Somi Conv is 101012

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	212.02	225.00	226.00	212.02	1.523 times
26 Wed Jun 2024	235.58	215.00	235.58	215.00	3.235 times
25 Tue Jun 2024	196.32	168.68	196.32	164.11	1.764 times
24 Mon Jun 2024	163.60	173.70	174.00	161.10	0.208 times
21 Fri Jun 2024	164.64	174.45	176.88	156.40	0.891 times
20 Thu Jun 2024	171.85	146.00	173.55	140.46	1.619 times
19 Wed Jun 2024	144.63	147.70	150.00	142.81	0.151 times
18 Tue Jun 2024	144.19	149.48	159.90	142.55	0.396 times
14 Fri Jun 2024	149.08	151.94	154.30	145.10	0.247 times
13 Thu Jun 2024	147.98	148.00	155.60	146.00	0.559 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 218.3, for a target of 182.4 or 152.42

Share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Target	49.55
Downside Target	64.20
Downside Target	67.10
Downside Target	99.50
Downside Target	104.95
Downside Target	116.05
Downside Target	126.25
Downside Target	130.15
Downside Target	140.46
Downside Target	146.45
Downside Target	155.60
Downside Target	161.10
Downside Target	176.88
Upside Target	235.58

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	170.22
Downside Intraday Target	128.42
Upside Intraday Target	244.7
Upside Intraday Target	277.38
Downside Intraday Target	202.9

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	212.02	173.70	235.58	161.10	2.201 times
21 Fri Jun 2024	164.64	149.48	176.88	140.46	1.166 times
14 Fri Jun 2024	149.08	137.95	155.60	126.25	2.649 times
07 Fri Jun 2024	134.20	137.05	141.30	116.05	2.62 times
31 Fri May 2024	136.10	143.45	146.45	131.40	0.128 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Somi Conv (SOMICONVEY)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	212.02	137.05	235.58	116.05	4.009 times
31 Fri May 2024	136.10	135.25	148.75	130.15	2.756 times
01 Wed Nov 2023	100.25	104.95	104.95	99.50	0.036 times
31 Tue Oct 2023	100.25	68.00	116.45	67.10	1.827 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 losing 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 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 SELL signal for Somi Conv in short term but SELL signal is weak.

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 197.18 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.