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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 2024-11-27 View latest technical analysis

10 day averaged volume of Sonam is 175034

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	79.72	83.17	84.95	79.50	2.059 times
26 Tue Nov 2024	83.17	86.45	86.45	80.05	1.631 times
25 Mon Nov 2024	82.93	78.00	84.23	76.20	6.577 times
22 Fri Nov 2024	80.22	80.22	80.22	80.22	0.216 times
21 Thu Nov 2024	81.86	81.86	81.86	81.86	0.351 times
19 Tue Nov 2024	83.54	83.54	83.54	83.54	0.268 times
18 Mon Nov 2024	85.25	85.25	85.25	85.25	0.252 times
14 Thu Nov 2024	86.99	86.99	86.99	86.99	0.179 times
13 Wed Nov 2024	88.77	88.77	88.77	88.77	0.142 times
12 Tue Nov 2024	90.59	90.59	90.59	90.59	0.272 times

Stock of Sonam (SONAMLTD_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 82.6, but if it comes above 82.6, then a intra day buy could be more profitable.
If you take a sell trade below 82.6, then use 82.6 as stoploss and 76.8 as target. However if you take a buy trade in stock , then use 82.6 as stoploss and 87.46 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	77.90
Upside Target	80.22
Upside Target	82.19
Upside Target	85.25
Upside Target	87.21
Upside Target	88.95
Upside Target	89.95
Upside Target	92.44
Upside Target	96.70

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	75.13
Downside Intraday Target	70.54
Upside Intraday Target	85.38
Upside Intraday Target	91.04
Upside Intraday Target	80.79

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	79.72	78.00	86.45	76.20	9.442 times
22 Fri Nov 2024	80.22	85.25	85.25	80.22	1.544 times
14 Thu Nov 2024	86.99	92.44	92.44	86.99	0.056 times
08 Fri Nov 2024	94.33	90.72	96.70	89.95	0.52 times
01 Fri Nov 2024	88.95	82.19	88.95	82.19	0.541 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sonam (SONAMLTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	79.72	88.95	96.70	76.20	0.329 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 down 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Sonam in short term but the sell 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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

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 82.7 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 has given negative 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.