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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 221767

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	56.67	59.66	59.70	56.67	0.292 times
24 Fri Jan 2025	59.66	59.91	61.50	58.01	0.543 times
23 Thu Jan 2025	58.74	55.01	58.83	55.01	0.586 times
22 Wed Jan 2025	56.03	54.86	56.25	54.01	0.47 times
21 Tue Jan 2025	55.35	53.15	55.97	52.12	1.214 times
20 Mon Jan 2025	54.87	57.75	57.75	54.87	1.113 times
17 Fri Jan 2025	57.76	59.79	61.49	57.71	0.837 times
16 Thu Jan 2025	60.75	57.50	60.76	54.97	1.959 times
15 Wed Jan 2025	57.87	59.59	61.65	57.76	1.617 times
14 Tue Jan 2025	60.81	59.01	61.69	58.00	0.674 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.2, but if it comes above 57.2, then a intra day buy could be more profitable.
If you take a sell trade below 57.2, then use 57.2 as stoploss and 51.7 as target. However if you take a buy trade in stock , then use 57.2 as stoploss and 61.79 as target.

Share price targets for Sonam (SONAMLTD_BE)

Target Type	Value
Downside Target	52.12
Downside Target	54.97
Downside Target	56.67
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	55.66
Downside Intraday Target	54.65
Upside Intraday Target	58.69
Upside Intraday Target	60.71
Upside Intraday Target	57.68

Weekly technical analysis of Sonam (SONAMLTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	56.67	59.66	59.70	56.67	0.074 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
27 Mon Jan 2025	56.67	65.46	71.75	52.12	0.668 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 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 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 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 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 58.02 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.