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

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

10 day averaged volume of Sonal is 1839

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 97.00 99.00 99.10 97.00 0.032 times
06 Mon May 2024 99.00 103.95 104.00 98.50 0.332 times
03 Fri May 2024 100.21 101.99 105.90 98.50 0.215 times
02 Thu May 2024 101.99 97.11 105.96 97.11 1.837 times
30 Tue Apr 2024 98.63 98.00 100.70 98.00 0.252 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 97.2, but if it comes above 97.2, then a intra day buy could be more profitable.
If you take a sell trade below 97.2, then use 97.2 as stoploss and 94.6 as target. However if you take a buy trade in stock , then use 97.2 as stoploss and 99.33 as target.

Share price targets for Sonal (Sonal)

Target Type Value
Downside Target 80.62
Downside Target 85.05
Downside Target 88.62
Downside Target 91.00
Downside Target 93.50
Downside Target 96.25
Upside Target 103.00
Upside Target 105.96
Upside Target 109.50
Upside Target 112.00
Upside Target 123.00

Intraday share price targets for Sonal (Sonal)

Target Type Value
Downside Intraday Target 94.67
Downside Intraday Target 92.33
Upside Intraday Target 101.67
Upside Intraday Target 106.33
Upside Intraday Target 99.33

Weekly technical analysis of Sonal (Sonal)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 97.00 103.95 104.00 97.00 0.135 times
03 Fri May 2024 100.21 98.99 105.96 96.25 0.369 times
26 Fri Apr 2024 96.35 99.00 103.00 93.50 2.461 times
19 Fri Apr 2024 98.95 103.60 103.60 91.00 1.497 times
12 Fri Apr 2024 101.60 100.11 112.00 97.61 0.844 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 (Sonal)

Date Monthly Closing Price Open High Low Volume
07 Tue May 2024 97.00 97.11 105.96 97.00 0.158 times
30 Tue Apr 2024 98.63 93.20 112.00 91.00 1.041 times
28 Thu Mar 2024 93.14 101.00 109.50 80.62 0.166 times
29 Thu Feb 2024 99.08 92.00 123.00 88.62 4.108 times

Price has moved down 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 (Sonal)

Indicator Name Indicator Value Indicator Signal
ADX 20, 11, 27 Buy
MACD 0, 1Sell
Stochastics 42None
CCI -62Sell
RSI 55Buy
OBV 14912Sell
VWAP 100Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Sonal ( (Sonal) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sonal ( (Sonal) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sonal ( (Sonal) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sonal ( (Sonal) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a SELL signal for Sonal in short term but the sell signal is initial and weak.

Sonal Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 coming down

CCI has generated a SELL signal for Sonal in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Sonal is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 99.86 and Sonal (Sonal) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

Sonal Stock has given negative 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.

Click here for Sonal charts

Click here for further forecast and predictions for tomorrow

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