SOMICONVEY NEWS why is Somi Conv.belt. price falling or rising

SOMICONVEY NEWS reasons for why stock price of Somi Conv.belt. is falling or rising

SOMICONVEY Somi Conv is falling or rising technical reasons

Technical analysis forecast of Somi Conv 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 Somi Conv SOMICONVEY at this time. Stock is rising and might rise more.

It appears as if Somi Conv SOMICONVEY gave a large move recently.

Stock of Somi Conv (SOMICONVEY) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Somi Conv is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Somi Conv stays above 92.5, but if it comes below 92.5, then a intra day sell could be more profitable.
If you take a sell trade below 92.5, then use 92.5 as stoploss and 72.12 as target. However if you take a buy trade in Somi Conv, then use 92.5 as stoploss and 117 as target.

SOMICONVEY Somi Conv is falling or rising NEWS fundamental reasons

Company Announcement Somi Conveyor Beltings Limited has informed the Exchange regarding 'INTIMATION REGARDING ORDER SECURED BY COMPANY '. - NEWS as on 2024-03-12

Board Meeting to discuss Financial Results To consider and approve the Un-audited financial results for the period ended December 31, 2023 - NEWS as on 2024-02-05

Company Announcement - NEWS as on 2024-02-05

Company Announcement Somi Conveyor Beltings Limited has informed the Exchange about Registrar & Share Transfer Agent Update - NEWS as on 2024-01-08

Company Announcement Somi Conveyor Beltings Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on January 08, 2024 - NEWS as on 2023-12-12

Board Meeting to discuss Other business matters 1. To decide day, date, time and place of holding Extra-Ordinary General Meeting of the Company. - NEWS as on 2023-12-05

Company Announcement Somi Conveyor Beltings Limited has informed the Exchange regarding 'INTIMATION REGARDING ORDERS SECURED BY COMPANY'. - NEWS as on 2023-11-10

Company Announcement Somi Conveyor Beltings Limited has informed the Exchange regarding Appointment of Mr Om Prakash Bhansali as Chairman of the company w.e.f. November 08, 2023. - NEWS as on 2023-11-09

More announcements and NEWS

SOMICONVEY Somi Conv.belt. current price & indicator signals

Moving Averages for Somi Conv.belt.

  • 5Day Average: 97.06
  • 12Day Average: 76.2
  • 20Day Average: 65.17
  • 50Day Average: 54.06
  • 100Day Average: 45.63
  • 150Day Average: 45.31
  • 200Day Average: 42.85

SOMICONVEY Indicators & signals

Indicator MACD (12,26,9)

81.27, 67.74, 8.67
Indicator MACD is in positive zone

Indicator ADX (14)

82.99, 49.01, 4.56
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 72
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SOMICONVEY Somi Conv.belt. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
01 Wed Nov 2023 100.25 99.50 to 104.95 0% 0.23 times
31 Tue Oct 2023 100.25 99.10 to 116.45 -7.69% 1.2 times
30 Mon Oct 2023 108.60 91.05 to 108.60 20% 1.16 times
27 Fri Oct 2023 90.50 89.30 to 100.40 5.6% 2.19 times
26 Thu Oct 2023 85.70 67.10 to 85.70 19.94% 0.82 times
25 Wed Oct 2023 71.45 68.35 to 77.20 -7.39% 0.28 times
23 Mon Oct 2023 77.15 68.00 to 78.20 36.07% 0.87 times
07 Wed Jun 2023 56.70 55.55 to 62.00 -8.03% 0.37 times
06 Tue Jun 2023 61.65 60.00 to 64.20 1.82% 0.86 times
05 Mon Jun 2023 60.55 50.80 to 61.10 18.84% 2.18 times
02 Fri Jun 2023 50.95 50.65 to 51.80 0.69% 0.07 times
01 Thu Jun 2023 50.60 49.55 to 52.70 -1.75% 0.1 times

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