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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 2024-12-17 View latest technical analysis

10 day averaged volume of Somi Conv is 84706

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	207.22	192.95	207.22	192.95	0.903 times
16 Mon Dec 2024	188.39	178.87	188.39	170.10	0.655 times
13 Fri Dec 2024	171.27	170.04	177.09	170.00	0.24 times
12 Thu Dec 2024	172.00	178.03	178.35	166.41	0.176 times
11 Wed Dec 2024	175.29	182.60	182.60	173.00	0.109 times
10 Tue Dec 2024	179.58	177.80	180.00	165.27	0.473 times
09 Mon Dec 2024	174.86	187.00	187.00	173.00	0.322 times
27 Thu Jun 2024	212.02	225.00	226.00	212.02	1.816 times
26 Wed Jun 2024	235.58	215.00	235.58	215.00	3.858 times
25 Tue Jun 2024	196.32	168.68	196.32	164.11	2.104 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 197.4, but if it comes below 197.4, then a intra day sell could be more profitable.
If you take a sell trade below 197.4, then use 197.4 as stoploss and 170.21 as target. However if you take a buy trade in stock , then use 197.4 as stoploss and 230 as target.

Share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
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	148.75
Downside Target	155.60
Downside Target	161.10
Downside Target	165.27
Downside Target	170.10
Downside Target	176.88
Downside Target	187.00
Downside Target	207.22
Upside Target	235.58

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	182.47
Downside Intraday Target	157.73
Upside Intraday Target	219.59
Upside Intraday Target	231.97
Downside Intraday Target	194.85

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	207.22	178.87	207.22	170.10	1.181 times
13 Fri Dec 2024	171.27	187.00	187.00	165.27	0.164 times
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

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
17 Tue Dec 2024	207.22	187.00	207.22	165.27	0.18 times
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

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 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 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 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 SELL signal for Somi Conv 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.

Somi Conv 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 Somi Conv 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 positive zone. This is a BUY zone

Stock of Somi Conv is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 211.07 and Somi Conv (SOMICONVEY) stock is trading below this level. This means that stock is falling with high volumes. 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.