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

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

Showing technical analysis as on 2024-10-01 View latest technical analysis

10 day averaged volume of Sonam is 43423

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	77.62	75.95	78.80	75.75	2.547 times
30 Mon Sep 2024	75.95	75.79	77.90	74.20	2.547 times
27 Fri Sep 2024	75.79	76.50	76.50	73.00	4.517 times
25 Thu Jan 2024	73.20	69.30	74.50	69.30	1.53 times
24 Wed Jan 2024	71.05	70.20	71.85	70.00	0.506 times
23 Tue Jan 2024	70.00	69.80	72.40	69.80	0.415 times
22 Mon Jan 2024	70.00	70.00	71.10	69.50	0.09 times
19 Fri Jan 2024	70.00	67.50	70.75	67.50	0.224 times
18 Thu Jan 2024	67.40	70.25	70.25	67.30	0.01 times
17 Wed Jan 2024	67.30	69.90	71.20	66.60	0.109 times

Stock of Sonam (SONAMLTD_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 77.5, for a target of 74.2 or 71.49

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	69.30
Downside Target	73.00
Downside Target	75.75
Downside Target	76.50
Downside Target	76.90
Upside Target	77.90
Upside Target	78.80
Upside Target	82.40
Upside Target	86.30

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	74.95
Downside Intraday Target	72.27
Upside Intraday Target	79.55
Upside Intraday Target	81.47
Downside Intraday Target	76.87

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	77.62	75.79	78.80	74.20	0.722 times
27 Fri Sep 2024	75.79	70.00	76.50	69.30	8.765 times
19 Fri Jan 2024	70.00	71.00	71.40	66.50	0.761 times
12 Fri Jan 2024	68.00	72.85	74.00	67.00	1.737 times
05 Fri Jan 2024	72.85	72.00	74.85	71.00	0.24 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 Sonam (SONAMLTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	77.62	75.95	78.80	75.75	0.361 times
30 Mon Sep 2024	75.95	76.50	77.90	73.00	1.409 times
25 Thu Jan 2024	73.20	72.00	74.85	66.50	0.666 times
29 Fri Dec 2023	71.00	78.00	82.40	70.25	3.6 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_BE)

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

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 but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sonam Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 and the buying is gaining 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 Sonam is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 75.27 and Sonam (SONAMLTD_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sonam (SONAMLTD_BE) stock. Volume based technical analysis of Sonam (SONAMLTD_BE) 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.