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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 2024-10-29 View latest technical analysis

10 day averaged volume of Sonam is 1040074

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	83.83	83.83	83.83	83.83	0.321 times
28 Mon Oct 2024	82.19	82.19	82.19	82.19	2.174 times
25 Fri Oct 2024	80.58	80.58	80.58	79.05	4.289 times
24 Thu Oct 2024	79.00	78.11	79.00	78.11	2.008 times
23 Wed Oct 2024	79.71	81.20	81.20	79.71	0.027 times
22 Tue Oct 2024	81.34	81.34	81.34	81.34	0.342 times
21 Mon Oct 2024	79.75	77.89	79.75	77.89	0.908 times
18 Fri Oct 2024	79.48	79.48	79.48	79.48	0.019 times
17 Thu Oct 2024	81.11	81.11	81.11	81.11	0.094 times
16 Wed Oct 2024	82.77	84.50	84.50	82.77	0.029 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 83.1, but if it comes below 83.1, then a intra day sell could be more profitable.
If you take a sell trade below 83.1, then use 83.1 as stoploss and 79.17 as target. However if you take a buy trade in stock , then use 83.1 as stoploss and 87.8 as target.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	70.25
Downside Target	73.00
Downside Target	74.85
Downside Target	76.90
Downside Target	81.34
Downside Target	82.13
Downside Target	82.19
Downside Target	82.40
Downside Target	83.83
Upside Target	86.00
Upside Target	86.30

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	82.74
Downside Intraday Target	81.64
Upside Intraday Target	84.38
Upside Intraday Target	84.92
Downside Intraday Target	83.28

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	83.83	82.19	83.83	82.19	0.33 times
25 Fri Oct 2024	80.58	77.89	81.34	77.89	22.776 times
18 Fri Oct 2024	79.48	86.00	86.00	79.48	0.448 times
11 Fri Oct 2024	82.05	77.60	82.13	67.32	1.979 times
04 Fri Oct 2024	73.95	75.79	79.00	73.08	1.272 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
29 Tue Oct 2024	83.83	75.95	86.00	67.32	38.691 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, 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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 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 Weak 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 80.67 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 has given negative 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.