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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 for Somi Conv Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Somi Conv SOMICONVEY at this time. Stock is falling and might fall more.

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

Stock of Somi Conv (SOMICONVEY) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Somi Conv is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Somi Conv stays below 102, but if it comes above 102, then a intra day buy could be more profitable.
If you take a sell trade below 102, then use 102 as stoploss and 96.4 as target. However if you take a buy trade in Somi Conv, then use 102 as stoploss and 106.57 as target.

SOMICONVEY Somi Conv is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2026-05-22

Company Announcement Somi Conveyor Beltings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026. - NEWS as on 2026-05-20

Board Meeting to discuss Financial Results/Other business matters To consider and approve the financial results for the period ended March 31, 2026 and other business matters - NEWS as on 2026-05-12

Company Announcement Somi Conveyor Beltings Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 06, 2026. Further, the company has informed the Exchange regarding voting results. - NEWS as on 2026-05-07

Company Announcement Somi Conveyor Beltings Limited has informed the Exchange regarding Re-appointment of Mr. Santosh Kumar Joshi as Non- Executive Independent Director of the company w.e.f. February 22, 2026. - NEWS as on 2026-04-20

Company Announcement Somi Conveyor Beltings Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. - NEWS as on 2026-04-10

Company Announcement Somi Conveyor Beltings Limited has informed the Exchange regarding Re-appointment of Mr. Santosh Kumar Joshi as Non- Executive Independent Director of the company w.e.f. February 22, 2026, subject to necessary approval of Members at the EGM of the company - NEWS as on 2026-04-09

More announcements and NEWS

SOMICONVEY Somi Conv.belt. current price & indicator signals

Moving Averages for Somi Conv.belt.

  • 5Day Average: 102.81
  • 12Day Average: 105.98
  • 20Day Average: 108.46
  • 50Day Average: 106.18
  • 100Day Average: 106.96
  • 150Day Average: 117.77
  • 200Day Average: 124.07

SOMICONVEY Indicators & signals

Indicator MACD (12,26,9)

105.11, 106.99, -0.59
Indicator MACD is in negative zone

Indicator ADX (14)

22.58, 11.15, 17.66
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
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 Mon Jun 2026 100.02 99.40 to 103.06 -1.44% 0.29 times
29 Fri May 2026 101.48 100.40 to 103.98 -0.75% 0.28 times
27 Wed May 2026 102.25 100.71 to 107.60 -3.04% 1.49 times
26 Tue May 2026 105.46 102.17 to 106.89 0.59% 0.48 times
25 Mon May 2026 104.84 102.09 to 107.24 0.75% 0.66 times
22 Fri May 2026 104.06 101.00 to 105.00 3.64% 1.14 times
21 Thu May 2026 100.41 97.68 to 106.30 -9.43% 3.77 times
20 Wed May 2026 110.87 107.55 to 112.80 -0.13% 1.43 times
19 Tue May 2026 111.01 108.50 to 112.98 1.1% 0.32 times
18 Mon May 2026 109.80 108.10 to 113.48 -0.96% 0.24 times
15 Fri May 2026 110.86 109.01 to 113.88 0.14% 0.18 times
14 Thu May 2026 110.70 110.00 to 114.00 -1.27% 0.3 times

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