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(SONAMAC_SM) Sona Machinery complete technical analysis [charts+indicators] | Buy/Sell Sona Machinery | (SONAMAC_SM) share price targets

Complete technical analysis of Sona Machinery (SONAMAC_SM) by charts plus indicators, forecast predictions and share price targets for Sona Machinery (SONAMAC_SM)

10 day averaged volume of Sona Machinery is 99800

Date Daily Closing Price Open High Low Volume
20 Mon May 2024 156.50 161.00 161.00 156.50 0.09 times
17 Fri May 2024 158.25 157.10 161.50 156.00 0.371 times
16 Thu May 2024 155.50 158.20 158.50 152.00 0.551 times
15 Wed May 2024 159.00 164.00 166.50 157.00 0.541 times
14 Tue May 2024 162.95 164.50 169.60 160.00 0.731 times

My analysis of stock is bullish for shortterm, and stock might move up till 165.4 or till 180.2. Use a stoploss of 152.96 and if this stock hits its stoploss, then it can fall down till 140.56

Share price targets for Sona Machinery (SONAMAC_SM)

Target Type Value
Downside Target 123.00
Downside Target 126.05
Downside Target 131.95
Downside Target 146.00
Downside Target 152.00
Downside Target 156.50
Upside Target 161.00
Upside Target 163.95
Upside Target 177.95
Upside Target 183.65

Intraday share price targets for Sona Machinery (SONAMAC_SM)

Target Type Value
Downside Intraday Target 155
Downside Intraday Target 153.5
Upside Intraday Target 159.5
Upside Intraday Target 162.5
Upside Intraday Target 158

Weekly technical analysis of Sona Machinery (SONAMAC_SM)

Date Weekly Closing Price Open High Low Volume
20 Mon May 2024 156.50 161.00 161.00 156.50 0.026 times
17 Fri May 2024 158.25 172.95 177.95 152.00 0.263 times
10 Fri May 2024 166.40 174.00 183.65 147.70 1.145 times
03 Fri May 2024 163.95 142.10 163.95 134.00 2.317 times
26 Fri Apr 2024 140.90 131.95 146.00 131.95 2.551 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 Sona Machinery (SONAMAC_SM)

Date Monthly Closing Price Open High Low Volume
20 Mon May 2024 156.50 141.70 183.65 134.00 1.597 times
30 Tue Apr 2024 140.80 128.45 148.50 123.00 33.02 times
28 Thu Mar 2024 127.10 126.75 133.00 126.05 0 times
01 Thu Jan 1970 0 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sona Machinery (SONAMAC_SM)

Indicator Name Indicator Value Indicator Signal
ADX 25, 16, 24 Buy
MACD 34, 5Buy
Stochastics 25Sell
CCI -70Sell
RSI 66Buy
OBV 1267000Sell
VWAP 163Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

Price action analysis of Sona Machinery ( (SONAMAC_SM) ) based on a short 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 Sona Machinery ( (SONAMAC_SM) ) 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 Sona Machinery ( (SONAMAC_SM) ) based on a short to mid 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 Sona Machinery ( (SONAMAC_SM) ) based on a mid to longer term time period is

ADX buy sell signal for Sona Machinery stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Sona Machinery in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sona Machinery 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sona Machinery in short term and SELL 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 Sona Machinery is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 163.39 and Sona Machinery (SONAMAC_SM) 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 Sona Machinery (SONAMAC_SM) stock. Volume based technical analysis of Sona Machinery (SONAMAC_SM) stock is negative.

Sona Machinery Stock has given negative returns over a short term period. Returns for a longer term period have been positive

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

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