SONAMLTD NEWS why is Sonam Limited price falling or rising

SONAMLTD NEWS reasons for why stock price of Sonam Limited is falling or rising

SONAMLTD Sonam is falling or rising technical reasons

Technical analysis forecast for Sonam 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 Sonam SONAMLTD at this time. Stock is falling and might fall more.

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

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

Although my analysis for Sonam is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 33.7, for a target of 53 or 69.17

SONAMLTD Sonam is falling or rising NEWS fundamental reasons

Board Meeting to discuss Financial Results/Other business matters To consider and approve the financial results for the period ended March 31, 2024 and other business matters - NEWS as on 2024-05-10

Company Announcement - NEWS as on 2024-05-10

Company Announcement SONAM LIMITED has informed the Exchange about Stock split-Intimation of New ISIN Number - NEWS as on 2024-05-09

Company Announcement SONAM 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 2024-05-07

Fvsplt Frm Rs 10 To Rs 5 Effective as on 10 Fri May 2024 - NEWS as on 2024-04-30

Company Announcement SONAM LIMITED has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-15

More announcements and NEWS

SONAMLTD Sonam Limited current price & indicator signals

Moving Averages for Sonam Limited

  • 5Day Average: 50.33
  • 12Day Average: 70.4
  • 20Day Average: 73.97
  • 50Day Average: 77.73

SONAMLTD Indicators & signals

Indicator MACD (12,26,9)

63.27, 71.49, -3.14
Indicator MACD is in negative zone

Indicator ADX (14)

67.63, 9.96, 51.6
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 29
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
15 Wed May 2024 40.85 40.20 to 43.50 -3.88% 0.87 times
14 Tue May 2024 42.50 41.20 to 43.85 -0.23% 1.13 times
13 Mon May 2024 42.60 41.95 to 44.15 -0.23% 2.39 times
10 Fri May 2024 42.70 40.70 to 44.15 -48.55% 1.69 times
09 Thu May 2024 83.00 82.00 to 87.95 -2.75% 0.65 times
08 Wed May 2024 85.35 84.60 to 90.50 -3.56% 0.33 times
07 Tue May 2024 88.50 86.50 to 89.10 1.72% 0.57 times
06 Mon May 2024 87.00 84.90 to 88.00 3.26% 1.1 times
03 Fri May 2024 84.25 83.55 to 84.95 1.51% 0.67 times
02 Thu May 2024 83.00 82.30 to 83.95 0.55% 0.79 times
30 Tue Apr 2024 82.55 82.20 to 84.00 0.12% 0.68 times
29 Mon Apr 2024 82.45 78.00 to 84.00 2.36% 0.84 times

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