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Stock analysis Sonam Limited SONAMLTD

More indepth analysis on MunafaSutra.com

Moving Averages for Sonam Limited

  • 5Day Average: 79.97
  • 12Day Average: 79.92
  • 20Day Average: 80.23
  • 50Day Average: 80.63

SONAMLTD Indicators & signals

Indicator MACD (12,26,9)

80.1, 80.09, -0.19
Indicator MACD is in positive zone

Indicator ADX (14)

27.73, 21.59, 12.22
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SONAMLTD Sonam Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Mon Apr 2024 82.45 78.00 to 84.00 2.36% 6.77 times
26 Fri Apr 2024 80.55 78.90 to 81.90 2.09% 1.79 times
25 Thu Apr 2024 78.90 78.30 to 79.50 -0.19% 0.61 times
24 Wed Apr 2024 79.05 78.50 to 80.00 0.19% 0.83 times
23 Tue Apr 2024 78.90 78.35 to 80.45 -0.44% 0.98 times
22 Mon Apr 2024 79.25 78.30 to 81.15 -0.13% 1.24 times
19 Fri Apr 2024 79.35 77.25 to 79.95 -0.56% 0.76 times
18 Thu Apr 2024 79.80 78.40 to 80.80 1.2% 0.56 times
16 Tue Apr 2024 78.85 75.65 to 80.35 -1.19% 1.85 times
15 Mon Apr 2024 79.80 78.50 to 82.75 -1.12% 0.4 times
12 Fri Apr 2024 80.70 79.45 to 80.95 -0.92% 0.98 times
10 Wed Apr 2024 81.45 78.90 to 81.80 1.31% 1.6 times

Technical analysis forecast of Sonam Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Sonam Limited SONAMLTD at this time. Stock is rising and might rise more.

It appears as if Sonam Limited SONAMLTD gave a large move recently.

Stock of Sonam Limited (SONAMLTD) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Sonam Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 82.5, for a target of 81.2 or 80.04

More indepth analysis on MunafaSutra.com