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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, and stock might move down till 93.2 or till 90.1. Use a stoploss of 95.76 and if the stock hits stoploss, then it can shoot up till 98.35

SOMICONVEY Somi Conv is falling or rising NEWS fundamental reasons

Somi Conveyor Beltings standalone net profit declines 50.00% in the June 2026 quarter Sales decline 40.47% to Rs 15.62 crore - NEWS as on 2026-08-11 business-standard.com

Company Announcement Somi Conveyor Beltings Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026. - NEWS as on 2026-08-11

Board Meeting to discuss Financial Results/Other business matters To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters - NEWS as on 2026-08-04

Company Announcement - NEWS as on 2026-08-04

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 Proceedings of Extraordinary General Meeting held on May 06, 2026 - 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

More announcements and NEWS

SOMICONVEY Somi Conv.belt. current price & indicator signals

Moving Averages for Somi Conv.belt.

  • 5Day Average: 93.29
  • 12Day Average: 94.4
  • 20Day Average: 96.16
  • 50Day Average: 98.7
  • 100Day Average: 102.44
  • 150Day Average: 104.21
  • 200Day Average: 113

SOMICONVEY Indicators & signals

Indicator MACD (12,26,9)

94.64, 96.52, -1.86
Indicator MACD is in negative zone

Indicator ADX (14)

0.74, 15.3, 15.53
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
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
11 Tue Aug 2026 95.38 93.20 to 98.40 1.55% 1.41 times
10 Mon Aug 2026 93.92 90.90 to 97.00 2.26% 1.57 times
07 Fri Aug 2026 91.84 90.50 to 94.30 0.46% 0.81 times
06 Thu Aug 2026 91.42 90.42 to 97.99 -2.62% 2.96 times
05 Wed Aug 2026 93.88 92.30 to 96.48 -0.93% 1.1 times
04 Tue Aug 2026 94.76 93.81 to 95.93 1.4% 0.33 times
03 Mon Aug 2026 93.45 92.80 to 97.63 0.41% 0.9 times
31 Fri Jul 2026 93.07 91.40 to 96.00 -2.04% 0.83 times
30 Thu Jul 2026 95.01 94.36 to 97.22 -0.97% 0.89 times
29 Wed Jul 2026 95.94 95.52 to 98.01 -1.05% 0.22 times
28 Tue Jul 2026 96.96 96.10 to 98.58 -0.27% 0.37 times
27 Mon Jul 2026 97.22 96.60 to 98.04 -0.09% 0.18 times

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