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(SONAMLTD) Sonam complete technical analysis [charts+indicators] | Buy/Sell Sonam | (SONAMLTD) share price targets

Complete technical analysis of Sonam (SONAMLTD) by charts plus indicators, forecast predictions and share price targets for Sonam (SONAMLTD)

Showing technical analysis as on 2024-09-18 View latest technical analysis

10 day averaged volume of Sonam is 241864

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	54.33	52.35	56.00	52.01	0.827 times
17 Tue Sep 2024	52.83	54.20	54.20	51.50	0.694 times
16 Mon Sep 2024	53.40	56.57	57.80	52.95	1.03 times
13 Fri Sep 2024	56.25	50.99	59.80	50.00	6.308 times
12 Thu Sep 2024	49.95	51.79	52.94	49.00	0.589 times
11 Wed Sep 2024	50.77	53.35	53.35	50.50	0.194 times
10 Tue Sep 2024	51.83	51.50	52.99	51.28	0.323 times
09 Mon Sep 2024	51.03	51.81	52.50	50.50	0.179 times
06 Fri Sep 2024	51.81	53.06	54.01	50.54	0.273 times
05 Thu Sep 2024	53.06	55.00	55.10	52.10	0.302 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 54.9 as stoploss in an intra day sell trade for a target of 53.34. However, stock will show a bullish move above 54.9.

Share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Target	34.00
Downside Target	35.20
Downside Target	37.80
Downside Target	42.00
Downside Target	46.00
Downside Target	48.51
Downside Target	50.54
Downside Target	53.00
Upside Target	56.20
Upside Target	57.80
Upside Target	58.78
Upside Target	59.40
Upside Target	59.80
Upside Target	90.50

Intraday share price targets for Sonam (SONAMLTD)

Target Type	Value
Downside Intraday Target	51.29
Downside Intraday Target	48.24
Upside Intraday Target	57.59
Upside Intraday Target	60.84
Upside Intraday Target	54.54

Weekly technical analysis of Sonam (SONAMLTD)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	54.33	56.57	57.80	51.50	0.336 times
13 Fri Sep 2024	56.25	51.81	59.80	49.00	6.721 times
06 Fri Sep 2024	51.81	54.01	56.20	50.54	0.539 times
30 Fri Aug 2024	53.87	54.03	56.65	53.00	0.245 times
23 Fri Aug 2024	53.37	48.57	58.78	48.51	3.717 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 Sonam (SONAMLTD)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	54.33	54.01	59.80	49.00	0.691 times
30 Fri Aug 2024	53.87	57.55	58.78	46.00	0.729 times
31 Wed Jul 2024	55.95	38.45	59.40	35.20	8.335 times
28 Fri Jun 2024	39.39	41.00	42.00	34.00	0.568 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 Sonam (SONAMLTD)

Price action analysis of Sonam ( (SONAMLTD) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sonam ( (SONAMLTD) ) based on a short 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 Sonam ( (SONAMLTD) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sonam ( (SONAMLTD) ) 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 Sonam stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sonam 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.

Sonam 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. Bears are getting stronger in this stock.

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 Sonam in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sonam is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.74 and Sonam (SONAMLTD) 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 Sonam (SONAMLTD) stock. Volume based technical analysis of Sonam (SONAMLTD) stock is negative.

Sonam 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.