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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 2024-12-20 View latest technical analysis

10 day averaged volume of Sonam is 222549

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	75.73	77.50	80.25	75.50	2.474 times
19 Thu Dec 2024	79.16	79.80	80.70	78.00	4.186 times
18 Wed Dec 2024	76.86	75.95	76.86	74.00	0.609 times
17 Tue Dec 2024	73.20	75.97	75.97	72.50	0.657 times
16 Mon Dec 2024	75.25	74.40	76.00	73.70	0.676 times
13 Fri Dec 2024	74.33	75.22	76.00	73.00	0.345 times
12 Thu Dec 2024	75.66	78.30	78.30	73.45	0.555 times
11 Wed Dec 2024	75.40	79.98	79.98	75.00	0.562 times
10 Tue Dec 2024	77.31	80.99	80.99	76.05	0.497 times
09 Mon Dec 2024	79.16	79.95	80.94	78.00	1.146 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 74.8 as stoploss in an intra day buy trade for a target of 77.39. However, stock will show a bearish move below 74.8.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	66.50
Downside Target	72.50
Downside Target	74.85
Upside 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	71.92
Downside Intraday Target	68.11
Upside Intraday Target	80.12
Upside Intraday Target	84.51
Upside Intraday Target	76.31

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	75.73	74.40	80.70	72.50	2.772 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
20 Fri Dec 2024	75.73	76.23	81.00	72.50	0.75 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 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 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 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 to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Strong and stock is gaining 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. Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Sonam in short term but SELL signal is weak.

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 77.19 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.