Munafa Sonal Mercantile Ltd. (SONAL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Sonal Mercantile Ltd. (SONAL) Indicator analysis

Sonal Mercantile Ltd. stock tips (delivery Volume analysis)

Total 5 day volume for Sonal Mercantile Ltd. is 889, out of which 877 went into delivery, which is 98.65 percent of total volumes

Volumes in the last session was 508, out of which 496 went into delivery, which is 97.64 percent of total volumes.

Its safe to say that enough delivery is being taken in the stock to conclude that the trend below will continue for a couple of days.

Sonal Mercantile SONAL intraday stock tips

07 Wednesday October Stock tips for Sonal Mercantile Stock 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.

It appears as if Sonal Mercantile SONAL gave a large move recently.

Although my analysis for Sonal Mercantile 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 79.8, for a target of 83.5 or 86.67

06 Tuesday October Stock tips for Sonal Mercantile Stock 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.

It appears as if Sonal Mercantile SONAL gave a large move recently.

My analysis of Sonal Mercantile is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Sonal Mercantile stays below 84.5, but if it comes above 84.5, then a intra day buy could be more profitable.
If you take a sell trade below 84.5, then use 84.5 as stoploss and 81.1 as target. However if you take a buy trade in Sonal Mercantile, then use 84.5 as stoploss and 87.32 as target.

30 Wednesday September Stock tips for Sonal Mercantile Stock 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.

It appears as if Sonal Mercantile SONAL gave a large move recently.

My analysis of Sonal Mercantile is bearish for shortterm, and stock might move down till 85 or till 81.8. Use a stoploss of 87.75 and if the stock hits stoploss, then it can shoot up till 90.46

29 Tuesday September Stock tips for Sonal Mercantile (SONAL) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Sonal Mercantile SONAL gave a large move recently.

My analysis of Sonal Mercantile is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Sonal Mercantile stays above 90.5, but if it comes below 90.5, then a intra day sell could be more profitable.
If you take a sell trade below 90.5, then use 90.5 as stoploss and 87.77 as target. However if you take a buy trade in Sonal Mercantile, then use 90.5 as stoploss and 93.8 as target.

28 Monday September Stock tips for Sonal Mercantile (SONAL) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Sonal Mercantile SONAL gave a large move recently.

Although my analysis for Sonal Mercantile is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 93.1, for a target of 89.9 or 87.35

24 Thursday September Stock tips for Sonal Mercantile (SONAL) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Sonal Mercantile SONAL gave a large move recently.

My analysis of Sonal Mercantile is bullish for shortterm, and stock might move up till 89.3 or till 92.3. Use a stoploss of 86.86 and if this stock hits its stoploss, then it can fall down till 84.39

23 Wednesday September Stock tips for Sonal Mercantile Stock 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...

It appears as if Sonal Mercantile SONAL gave a large move recently.

My analysis of Sonal Mercantile is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Sonal Mercantile stays below 84.2, but if it comes above 84.2, then a intra day buy could be more profitable.
If you take a sell trade below 84.2, then use 84.2 as stoploss and 81 as target. However if you take a buy trade in Sonal Mercantile, then use 84.2 as stoploss and 86.77 as target.

Sonal Mercantile SONAL tips for tomorrow

Tomorrow's movement Prediction of Sonal Mercantile SONAL is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 85.44

Munafa value: 40

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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