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(SONAMAC_SM) Sona Machinery complete technical analysis [charts+indicators] | Buy/Sell Sona Machinery | (SONAMAC_SM) share price targets

Complete technical analysis of Sona Machinery (SONAMAC_SM) by charts plus indicators, forecast predictions and share price targets for Sona Machinery (SONAMAC_SM)

Showing technical analysis as on 2024-07-01 View latest technical analysis

10 day averaged volume of Sona Machinery is 273800

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	218.90	201.20	218.90	201.20	0.416 times
28 Fri Jun 2024	199.00	207.00	207.50	196.10	0.362 times
27 Thu Jun 2024	205.65	224.00	224.00	202.00	0.566 times
26 Wed Jun 2024	222.50	215.85	227.95	215.85	0.533 times
25 Tue Jun 2024	215.85	224.80	224.80	212.00	0.646 times
24 Mon Jun 2024	220.75	226.00	231.40	207.30	0.968 times
21 Fri Jun 2024	225.70	237.00	243.00	222.00	0.555 times
20 Thu Jun 2024	231.40	215.75	247.10	201.10	1.983 times
19 Wed Jun 2024	207.10	199.50	220.00	185.20	1.432 times
18 Tue Jun 2024	195.00	168.00	196.05	168.00	2.498 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 216.2, but if it comes below 216.2, then a intra day sell could be more profitable.
If you take a sell trade below 216.2, then use 216.2 as stoploss and 179.93 as target. However if you take a buy trade in stock , then use 216.2 as stoploss and 259.6 as target.

Share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Target	115.10
Downside Target	123.00
Downside Target	126.05
Downside Target	133.00
Downside Target	139.05
Downside Target	148.50
Downside Target	164.90
Downside Target	183.65
Downside Target	196.10
Downside Target	201.20
Downside Target	218.90
Upside Target	231.40
Upside Target	247.10

Intraday share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Intraday Target	207.1
Downside Intraday Target	195.3
Upside Intraday Target	224.8
Upside Intraday Target	230.7
Downside Intraday Target	213

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	218.90	201.20	218.90	201.20	0.135 times
28 Fri Jun 2024	199.00	226.00	231.40	196.10	0.475 times
21 Fri Jun 2024	225.70	168.00	247.10	168.00	2.604 times
14 Fri Jun 2024	163.40	141.45	164.90	139.05	1.278 times
07 Fri Jun 2024	141.45	147.35	149.95	115.10	1.52 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 Sona Machinery (SONAMAC_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	218.90	201.20	218.90	201.20	0.03 times
28 Fri Jun 2024	199.00	147.35	247.10	115.10	1.123 times
31 Fri May 2024	143.55	141.70	183.65	134.00	2.023 times
30 Tue Apr 2024	140.80	128.45	148.50	123.00	33.02 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 Sona Machinery (SONAMAC_SM)

Price action analysis of Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sona Machinery 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.

Sona Machinery 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. 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 Sona Machinery in short term but BUY signal is weak.

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 Sona Machinery is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 212.78 and Sona Machinery (SONAMAC_SM) 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 Sona Machinery (SONAMAC_SM) stock. Volume based technical analysis of Sona Machinery (SONAMAC_SM) stock is negative.

Sona Machinery 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.