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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 2024-12-19 View latest technical analysis

10 day averaged volume of Sonam is 147658

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	79.16	79.80	80.70	78.00	6.31 times
18 Wed Dec 2024	76.86	75.95	76.86	74.00	0.918 times
17 Tue Dec 2024	73.20	75.97	75.97	72.50	0.99 times
16 Mon Dec 2024	75.25	74.40	76.00	73.70	1.019 times
13 Fri Dec 2024	74.33	75.22	76.00	73.00	0.519 times
12 Thu Dec 2024	75.66	78.30	78.30	73.45	0.836 times
11 Wed Dec 2024	75.40	79.98	79.98	75.00	0.847 times
10 Tue Dec 2024	77.31	80.99	80.99	76.05	0.749 times
09 Mon Dec 2024	79.16	79.95	80.94	78.00	1.727 times
06 Fri Dec 2024	77.92	76.74	78.26	72.50	1.157 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 bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 80.2 as stoploss in an intra day sell trade for a target of 77.61. However, stock will show a bullish move above 80.2.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	72.50
Downside Target	74.85
Downside Target	77.90
Upside Target	80.22
Upside Target	80.99
Upside Target	81.00
Upside Target	85.25
Upside Target	86.45
Upside Target	87.21
Upside Target	96.70

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	74.21
Downside Intraday Target	69.25
Upside Intraday Target	82.41
Upside Intraday Target	85.65
Downside Intraday Target	77.45

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	79.16	74.40	80.70	72.50	1.974 times
13 Fri Dec 2024	74.33	79.95	80.99	73.00	0.689 times
06 Fri Dec 2024	77.92	76.23	81.00	72.50	0.459 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

Price has moved up 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
19 Thu Dec 2024	79.16	76.23	81.00	72.50	0.636 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sonam ( (SONAMLTD_BE) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

ADX buy sell signal for Sonam stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Sonam in short term but the buy signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 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 77.6 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 negative.

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