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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 2024-10-08 View latest technical analysis

10 day averaged volume of Sonam is 79492

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	71.00	71.99	73.60	67.32	2.762 times
07 Mon Oct 2024	70.87	77.60	77.60	70.25	1.241 times
04 Fri Oct 2024	73.95	76.30	77.00	73.08	1.079 times
03 Thu Oct 2024	76.93	79.00	79.00	73.80	1.042 times
01 Tue Oct 2024	77.62	75.95	78.80	75.75	1.391 times
30 Mon Sep 2024	75.95	75.79	77.90	74.20	1.391 times
27 Fri Sep 2024	75.79	76.50	76.50	73.00	2.468 times
25 Thu Jan 2024	73.20	69.30	74.50	69.30	0.836 times
24 Wed Jan 2024	71.05	70.20	71.85	70.00	0.276 times
23 Tue Jan 2024	70.00	69.80	72.40	69.80	0.227 times

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

My analysis of stock is bearish for shortterm, and stock might move down till 68.6 or till 65. Use a stoploss of 71.55 and if the stock hits stoploss, then it can shoot up till 74.52

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	69.30
Upside Target	73.00
Upside Target	76.50
Upside Target	76.90
Upside Target	77.60
Upside Target	77.90
Upside Target	79.00
Upside Target	82.40
Upside Target	86.30

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	66.35
Downside Intraday Target	61.69
Upside Intraday Target	76.63
Upside Intraday Target	82.25
Upside Intraday Target	71.97

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	71.00	77.60	77.60	67.32	0.816 times
04 Fri Oct 2024	73.95	75.79	79.00	73.08	1.272 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	71.00	75.95	79.00	67.32	1.947 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 down this month, and volume has increased substantially. This means that the move can 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 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 Sonam ( (SONAMLTD_BE) ) 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 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 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 Sonam stock for short term is SELL. 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.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Sonam in short term and SELL signal is strong!

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

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 74.05 and Sonam (SONAMLTD_BE) 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_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 negative.

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