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(SonalAdhesi) Sonal Adhesi complete technical analysis [charts+indicators] | Buy/Sell Sonal Adhesi | (SonalAdhesi) share price targets

Complete technical analysis of Sonal Adhesi (SonalAdhesi) by charts plus indicators, forecast predictions and share price targets for Sonal Adhesi (SonalAdhesi)

10 day averaged volume of Sonal Adhesi is 2323

Date Daily Closing Price Open High Low Volume
26 Fri Apr 2024 78.64 79.89 79.89 75.00 2.037 times
25 Thu Apr 2024 77.83 72.15 79.90 72.15 0.475 times
24 Wed Apr 2024 76.94 77.40 80.00 76.10 1.074 times
23 Tue Apr 2024 77.45 74.30 78.20 74.30 0.458 times
22 Mon Apr 2024 77.69 76.00 79.00 76.00 0.524 times

Stock of Sonal Adhesi (SonalAdhesi) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 78.6, but if it comes below 78.6, then a intra day sell could be more profitable.
If you take a sell trade below 78.6, then use 78.6 as stoploss and 77.2 as target. However if you take a buy trade in stock , then use 78.6 as stoploss and 80.2 as target.

Share price targets for Sonal Adhesi (SonalAdhesi)

Target Type Value
Downside Target 69.90
Downside Target 75.00
Upside Target 79.90
Upside Target 80.60
Upside Target 81.00
Upside Target 83.50
Upside Target 89.00
Upside Target 99.04
Upside Target 105.00
Upside Target 113.90

Intraday share price targets for Sonal Adhesi (SonalAdhesi)

Target Type Value
Downside Intraday Target 73.86
Downside Intraday Target 69.08
Upside Intraday Target 81.71
Upside Intraday Target 84.78
Downside Intraday Target 76.93

Weekly technical analysis of Sonal Adhesi (SonalAdhesi)

Date Weekly Closing Price Open High Low Volume
26 Fri Apr 2024 78.64 76.00 80.00 72.15 1.116 times
19 Fri Apr 2024 79.49 71.20 79.90 71.20 0.882 times
12 Fri Apr 2024 76.92 78.95 80.60 75.00 0.355 times
05 Fri Apr 2024 74.89 73.12 80.00 73.12 1.386 times
28 Thu Mar 2024 73.11 78.05 81.00 69.90 1.476 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sonal Adhesi (SonalAdhesi)

Date Monthly Closing Price Open High Low Volume
26 Fri Apr 2024 78.64 73.12 80.60 71.20 0.728 times
28 Thu Mar 2024 73.11 85.50 89.00 69.90 0.281 times
29 Thu Feb 2024 83.85 89.09 105.00 76.20 0.701 times
31 Wed Jan 2024 90.91 101.00 113.90 83.50 1.393 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sonal Adhesi (SonalAdhesi)

Indicator Name Indicator Value Indicator Signal
ADX 9, 21, 39 Sell
MACD -2, -3Buy
Stochastics 72Buy
CCI 70Buy
RSI 53Buy
OBV -27640Sell
VWAP 77Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Sonal Adhesi ( (SonalAdhesi) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sonal Adhesi ( (SonalAdhesi) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sonal Adhesi ( (SonalAdhesi) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sonal Adhesi ( (SonalAdhesi) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sonal Adhesi stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Sonal Adhesi in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sonal Adhesi Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sonal Adhesi in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sonal Adhesi is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 77.47 and Sonal Adhesi (SonalAdhesi) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sonal Adhesi (SonalAdhesi) stock. Volume based technical analysis of Sonal Adhesi (SonalAdhesi) stock is negative.

Sonal Adhesi Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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