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SONAMLTD_BE NEWS why is Sonam Limited price falling or rising

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

SONAMLTD_BE 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_BE at this time. Stock is falling and might fall more.

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

Stock of Sonam (SONAMLTD_BE) 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 Sonam is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Sonam stays below 54.6, but if it comes above 54.6, then a intra day buy could be more profitable.
If you take a sell trade below 54.6, then use 54.6 as stoploss and 49.3 as target. However if you take a buy trade in Sonam, then use 54.6 as stoploss and 58.93 as target.

SONAMLTD_BE Sonam is falling or rising NEWS fundamental reasons

More announcements and NEWS

SONAMLTD_BE Sonam Limited current price & indicator signals

Moving Averages for Sonam Limited

  • 5Day Average: 54
  • 12Day Average: 56.1
  • 20Day Average: 58.88
  • 50Day Average: 68.58
  • 100Day Average: 74.13

SONAMLTD_BE Indicators & signals

Indicator MACD (12,26,9)

56.31, 60.79, -4.44
Indicator MACD is in negative zone

Indicator ADX (14)

46.67, 12.19, 33.52
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 37
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
31 Fri Jan 2025 52.89 51.00 to 55.10 0.74% 0.67 times
30 Thu Jan 2025 52.50 51.41 to 55.45 -2.9% 0.6 times
29 Wed Jan 2025 54.07 53.20 to 55.50 0.37% 0.25 times
28 Tue Jan 2025 53.87 53.83 to 56.50 -4.94% 0.69 times
27 Mon Jan 2025 56.67 56.67 to 59.70 -5.01% 0.49 times
24 Fri Jan 2025 59.66 58.01 to 61.50 1.57% 0.91 times
23 Thu Jan 2025 58.74 55.01 to 58.83 4.84% 0.98 times
22 Wed Jan 2025 56.03 54.01 to 56.25 1.23% 0.79 times
21 Tue Jan 2025 55.35 52.12 to 55.97 0.87% 2.03 times
20 Mon Jan 2025 54.87 54.87 to 57.75 -5% 1.86 times
17 Fri Jan 2025 57.76 57.71 to 61.49 -4.92% 1.4 times
16 Thu Jan 2025 60.75 54.97 to 60.76 4.98% 3.28 times

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SONAMLTD_BE NEWS why is Sonam Limited price falling or rising

 

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