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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)

10 day averaged volume of Sonam is 200529

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	54.07	53.85	55.50	53.20	0.168 times
28 Tue Jan 2025	53.87	56.50	56.50	53.83	0.455 times
27 Mon Jan 2025	56.67	59.66	59.70	56.67	0.323 times
24 Fri Jan 2025	59.66	59.91	61.50	58.01	0.601 times
23 Thu Jan 2025	58.74	55.01	58.83	55.01	0.648 times
22 Wed Jan 2025	56.03	54.86	56.25	54.01	0.52 times
21 Tue Jan 2025	55.35	53.15	55.97	52.12	1.342 times
20 Mon Jan 2025	54.87	57.75	57.75	54.87	1.231 times
17 Fri Jan 2025	57.76	59.79	61.49	57.71	0.926 times
16 Thu Jan 2025	60.75	57.50	60.76	54.97	2.166 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.7, but if it comes above 55.7, then a intra day buy could be more profitable.
If you take a sell trade below 55.7, then use 55.7 as stoploss and 50 as target. However if you take a buy trade in stock , then use 55.7 as stoploss and 60.51 as target.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	52.12
Downside Target	53.20
Upside Target	54.97
Upside Target	59.70
Upside Target	61.50
Upside Target	63.12
Upside Target	67.32
Upside Target	70.80
Upside Target	73.00
Upside Target	75.31
Upside Target	77.90
Upside Target	81.00
Upside Target	87.21
Upside Target	96.70

Intraday share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Intraday Target	51.61
Downside Intraday Target	49.16
Upside Intraday Target	58.11
Upside Intraday Target	62.16
Upside Intraday Target	55.66

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	54.07	59.66	59.70	53.20	0.218 times
24 Fri Jan 2025	59.66	57.75	61.50	52.12	0.646 times
17 Fri Jan 2025	57.76	62.64	64.00	54.97	1.498 times
10 Fri Jan 2025	62.67	70.70	70.80	61.59	0.77 times
03 Fri Jan 2025	69.59	69.98	71.75	63.12	1.013 times

Price has moved down 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
29 Wed Jan 2025	54.07	65.46	71.75	52.12	0.691 times
31 Tue Dec 2024	66.55	76.23	81.00	63.12	1.136 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sonam ( (SONAMLTD_BE) ) based on a short 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.

Sonam Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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 57.5 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.