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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)

10 day averaged volume of Sona Machinery is 64300

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	120.90	120.80	124.00	120.00	0.342 times
22 Fri Nov 2024	119.00	117.85	122.45	116.00	0.56 times
21 Thu Nov 2024	117.85	122.50	122.50	117.05	0.28 times
19 Tue Nov 2024	121.85	116.50	125.00	116.30	0.809 times
18 Mon Nov 2024	115.30	120.05	125.00	113.65	6.19 times
14 Thu Nov 2024	142.05	143.05	146.00	140.20	0.311 times
13 Wed Nov 2024	143.70	145.00	145.00	142.25	0.327 times
12 Tue Nov 2024	148.05	151.90	152.00	147.15	0.264 times
11 Mon Nov 2024	151.90	150.55	156.90	150.10	0.482 times
08 Fri Nov 2024	154.85	157.75	158.95	154.00	0.327 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 128.1, but if it comes above 128.1, then a intra day buy could be more profitable.
If you take a sell trade below 128.1, then use 128.1 as stoploss and 110.2 as target. However if you take a buy trade in stock , then use 128.1 as stoploss and 142.96 as target.

Share price targets for Sona Machinery (SONAMAC_SM)

Target Type	Value
Downside Target	113.65
Downside Target	120.00
Upside Target	124.00
Upside Target	138.20
Upside Target	148.30
Upside Target	156.90
Upside Target	161.55
Upside Target	167.00
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	119.27
Downside Intraday Target	117.63
Upside Intraday Target	123.27
Upside Intraday Target	125.63
Upside Intraday Target	121.63

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	120.90	120.80	124.00	120.00	0.044 times
22 Fri Nov 2024	119.00	120.05	125.00	113.65	5.663 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

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
25 Mon Nov 2024	120.90	154.45	167.00	113.65	1.318 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 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 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 losing 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 moving up

CCI has generated a buy signal for Sona Machinery in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 122.06 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.