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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 2024-11-13 View latest technical analysis

10 day averaged volume of Sona Machinery is 26400

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	143.70	145.00	145.00	142.25	0.795 times
12 Tue Nov 2024	148.05	151.90	152.00	147.15	0.644 times
11 Mon Nov 2024	151.90	150.55	156.90	150.10	1.174 times
08 Fri Nov 2024	154.85	157.75	158.95	154.00	0.795 times
07 Thu Nov 2024	156.35	164.50	167.00	155.05	1.098 times
06 Wed Nov 2024	164.20	164.50	164.50	158.00	0.492 times
05 Tue Nov 2024	154.75	155.00	157.00	152.00	0.682 times
04 Mon Nov 2024	155.25	156.00	156.00	148.30	0.947 times
01 Fri Nov 2024	155.35	154.45	156.60	154.40	0.152 times
31 Thu Oct 2024	154.45	146.90	155.00	146.90	1.136 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 146.9, but if it comes above 146.9, then a intra day buy could be more profitable.
If you take a sell trade below 146.9, then use 146.9 as stoploss and 136.9 as target. However if you take a buy trade in stock , then use 146.9 as stoploss and 155.29 as target.

Share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Target	138.20
Downside Target	142.25
Upside Target	148.30
Upside Target	156.90
Upside Target	161.55
Upside Target	165.10
Upside Target	173.00
Upside Target	180.00
Upside Target	182.00
Upside Target	185.70
Upside Target	202.10
Upside Target	219.90
Upside Target	249.90

Intraday share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Intraday Target	138.33
Downside Intraday Target	132.97
Upside Intraday Target	152.98
Upside Intraday Target	162.27
Upside Intraday Target	147.62

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	143.70	150.55	156.90	142.25	0.651 times
08 Fri Nov 2024	154.85	156.00	167.00	148.30	0.576 times
01 Fri Nov 2024	155.35	142.00	157.00	138.20	1.305 times
25 Fri Oct 2024	141.70	171.00	173.00	138.25	2.564 times
18 Fri Oct 2024	171.45	170.00	182.00	165.10	0.47 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 Sona Machinery (SONAMAC_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	143.70	154.45	167.00	142.25	0.325 times
31 Thu Oct 2024	154.45	176.00	185.70	138.20	0.508 times
30 Mon Sep 2024	177.75	185.00	219.90	176.10	1.434 times
30 Fri Aug 2024	184.00	186.85	202.10	161.55	0.434 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sona Machinery stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Sona Machinery 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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sona Machinery 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 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 153.52 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.