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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 2024-11-04 View latest technical analysis

10 day averaged volume of Sonam is 1213654

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	90.72	90.72	90.72	89.95	0.494 times
01 Fri Nov 2024	88.95	88.95	88.95	88.95	0.08 times
31 Thu Oct 2024	87.21	87.21	87.21	87.21	0.578 times
30 Wed Oct 2024	85.50	85.50	85.50	85.50	0.713 times
29 Tue Oct 2024	83.83	83.83	83.83	83.83	0.275 times
28 Mon Oct 2024	82.19	82.19	82.19	82.19	1.863 times
25 Fri Oct 2024	80.58	80.58	80.58	79.05	3.675 times
24 Thu Oct 2024	79.00	78.11	79.00	78.11	1.721 times
23 Wed Oct 2024	79.71	81.20	81.20	79.71	0.023 times
22 Tue Oct 2024	81.34	81.34	81.34	81.34	0.293 times

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 91.6, for a target of 86.3 or 81.82

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	77.89
Downside Target	79.48
Downside Target	81.34
Downside Target	86.00
Downside Target	87.21
Downside Target	88.95
Downside Target	89.95
Downside Target	90.72

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	90.21
Downside Intraday Target	89.69
Upside Intraday Target	90.98
Upside Intraday Target	91.23
Downside Intraday Target	90.46

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	90.72	90.72	90.72	89.95	0.141 times
01 Fri Nov 2024	88.95	82.19	88.95	82.19	0.541 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

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
04 Mon Nov 2024	90.72	88.95	90.72	88.95	0.052 times
31 Thu Oct 2024	87.21	75.95	87.21	67.32	43.799 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

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 neutral. A longer time frame might give a better analysis.

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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

Although the stock is in the BUY zone, but buying 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 82.06 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.