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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 2024-07-15 View latest technical analysis

10 day averaged volume of Sona Machinery is 130600

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	205.05	209.85	209.85	204.00	0.214 times
12 Fri Jul 2024	202.45	207.00	208.80	200.55	0.406 times
11 Thu Jul 2024	205.70	207.00	213.00	205.00	0.444 times
10 Wed Jul 2024	203.20	207.50	212.00	196.00	0.467 times
09 Tue Jul 2024	209.05	212.30	221.00	205.00	0.513 times
08 Mon Jul 2024	212.10	222.00	225.50	210.35	0.605 times
05 Fri Jul 2024	218.55	231.00	231.00	215.00	1.103 times
04 Thu Jul 2024	231.95	238.00	249.90	228.25	1.715 times
03 Wed Jul 2024	240.50	223.95	243.10	223.95	2.672 times
02 Tue Jul 2024	221.00	238.95	238.95	218.00	1.202 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 202.7 as stoploss in an intra day buy trade for a target of 214.57. However, stock will show a bearish move below 202.7.

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	148.50
Downside Target	168.00
Downside Target	183.65
Downside Target	196.00
Downside Target	201.20
Upside Target	209.85
Upside Target	225.50
Upside Target	231.40
Upside Target	247.10
Upside Target	249.90

Intraday share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Intraday Target	202.75
Downside Intraday Target	200.45
Upside Intraday Target	208.6
Upside Intraday Target	212.15
Upside Intraday Target	206.3

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	205.05	209.85	209.85	204.00	0.088 times
12 Fri Jul 2024	202.45	222.00	225.50	196.00	0.322 times
05 Fri Jul 2024	218.55	201.20	249.90	201.20	1.173 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

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
15 Mon Jul 2024	205.05	201.20	249.90	196.00	0.349 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 Weak and stock is losing momentum.

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

Sona Machinery Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below 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 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 Sona Machinery is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 224.28 and Sona Machinery (SONAMAC_SM) 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 Sona Machinery (SONAMAC_SM) stock. Volume based technical analysis of Sona Machinery (SONAMAC_SM) stock is negative.

Sona Machinery 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.