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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 2024-12-03 View latest technical analysis

10 day averaged volume of Sonam is 256358

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	77.23	79.50	81.00	76.26	0.593 times
02 Mon Dec 2024	78.61	76.23	78.90	74.01	0.738 times
29 Fri Nov 2024	76.23	78.85	80.45	75.31	0.74 times
28 Thu Nov 2024	78.86	79.30	82.00	77.75	0.769 times
27 Wed Nov 2024	79.72	83.17	84.95	79.50	1.406 times
26 Tue Nov 2024	83.17	86.45	86.45	80.05	1.113 times
25 Mon Nov 2024	82.93	78.00	84.23	76.20	4.491 times
22 Fri Nov 2024	80.22	80.22	80.22	80.22	0.148 times
21 Thu Nov 2024	81.86	81.86	81.86	81.86	0.24 times
19 Tue Nov 2024	83.54	83.54	83.54	83.54	0.183 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 79.5, but if it comes above 79.5, then a intra day buy could be more profitable.
If you take a sell trade below 79.5, then use 79.5 as stoploss and 72.1 as target. However if you take a buy trade in stock , then use 79.5 as stoploss and 85.73 as target.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	73.00
Upside Target	77.90
Upside Target	80.22
Upside Target	85.25
Upside Target	86.45
Upside Target	86.99
Upside Target	87.21
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	73.83
Downside Intraday Target	70.42
Upside Intraday Target	80.82
Upside Intraday Target	84.4
Upside Intraday Target	77.41

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	77.23	76.23	81.00	74.01	0.156 times
29 Fri Nov 2024	76.23	78.00	86.45	75.31	11.474 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

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
03 Tue Dec 2024	77.23	76.23	81.00	74.01	0.071 times
29 Fri Nov 2024	76.23	88.95	96.70	75.31	0.358 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

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

MACD generated a SELL signal for Sonam in short term and the sell signal is strong.

Sonam Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Sonam in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 81.06 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.