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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.

10 day averaged volume of Somi Conv is 43784

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	189.23	206.00	207.20	186.10	0.634 times
10 Fri Jan 2025	204.95	202.77	208.01	195.52	0.819 times
09 Thu Jan 2025	201.93	201.57	204.79	200.96	0.283 times
08 Wed Jan 2025	203.57	199.17	206.95	199.17	0.274 times
07 Tue Jan 2025	203.36	199.33	208.34	199.33	0.446 times
06 Mon Jan 2025	198.35	212.88	216.89	194.00	1.639 times
03 Fri Jan 2025	208.03	206.57	213.40	197.23	1.957 times
02 Thu Jan 2025	204.19	206.70	208.40	201.05	0.555 times
01 Wed Jan 2025	202.55	215.00	215.00	197.81	2.781 times
31 Tue Dec 2024	204.09	207.99	212.00	200.43	0.503 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 186.7, for a target of 195.5 or 202.87

Share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Target	99.50
Downside Target	104.95
Downside Target	116.05
Downside Target	130.15
Downside Target	148.75
Downside Target	165.27
Downside Target	170.10
Downside Target	186.10
Upside Target	194.00
Upside Target	207.20
Upside Target	216.89
Upside Target	227.80
Upside Target	227.90
Upside Target	235.58

Intraday share price targets for Somi Conv (SOMICONVEY)

Target Type	Value
Downside Intraday Target	181.15
Downside Intraday Target	173.08
Upside Intraday Target	202.25
Upside Intraday Target	215.28
Upside Intraday Target	194.18

Weekly technical analysis of Somi Conv (SOMICONVEY)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	189.23	206.00	207.20	186.10	0.183 times
10 Fri Jan 2025	204.95	212.88	216.89	194.00	0.529 times
03 Fri Jan 2025	208.03	217.16	218.29	197.23	1.452 times
27 Fri Dec 2024	212.90	209.95	227.80	188.50	0.462 times
20 Fri Dec 2024	199.11	178.87	227.90	170.10	3.82 times

Price has moved down 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
13 Mon Jan 2025	189.23	215.00	216.89	186.10	0.52 times
31 Tue Dec 2024	204.09	187.00	227.90	165.27	0.584 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

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 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 Somi Conv ( (SOMICONVEY) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

MACD generated a SELL signal for Somi Conv in short term but the sell signal is initial and weak.

Somi Conv Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Somi Conv in short term and SELL 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 202.5 and Somi Conv (SOMICONVEY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.