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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 2024-11-21 View latest technical analysis

10 day averaged volume of Sona Machinery is 62000

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	117.85	122.50	122.50	117.05	0.29 times
19 Tue Nov 2024	121.85	116.50	125.00	116.30	0.839 times
18 Mon Nov 2024	115.30	120.05	125.00	113.65	6.419 times
14 Thu Nov 2024	142.05	143.05	146.00	140.20	0.323 times
13 Wed Nov 2024	143.70	145.00	145.00	142.25	0.339 times
12 Tue Nov 2024	148.05	151.90	152.00	147.15	0.274 times
11 Mon Nov 2024	151.90	150.55	156.90	150.10	0.5 times
08 Fri Nov 2024	154.85	157.75	158.95	154.00	0.339 times
07 Thu Nov 2024	156.35	164.50	167.00	155.05	0.468 times
06 Wed Nov 2024	164.20	164.50	164.50	158.00	0.21 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 117.6, for a target of 133.4 or 146.54

Share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Target	113.65
Upside Target	125.00
Upside Target	138.20
Upside Target	148.30
Upside Target	156.90
Upside Target	161.55
Upside Target	167.00
Upside Target	173.00
Upside Target	176.10
Upside Target	180.00
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	112.67
Downside Intraday Target	107.48
Upside Intraday Target	124.02
Upside Intraday Target	130.18
Upside Intraday Target	118.83

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	117.85	120.05	125.00	113.65	5.258 times
14 Thu Nov 2024	142.05	150.55	156.90	140.20	0.84 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	117.85	154.45	167.00	113.65	1.213 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 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 weakening, and bulls are picking up momentum!

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 124.76 and Sona Machinery (SONAMAC_SM) 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 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.