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

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

Showing technical analysis as on 2024-08-28 View latest technical analysis

10 day averaged volume of Sonacoms is 43992

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	700.70	704.00	717.30	697.50	0.605 times
27 Tue Aug 2024	707.30	720.00	736.15	701.00	3.788 times
26 Mon Aug 2024	715.70	695.15	719.20	690.55	0.766 times
23 Fri Aug 2024	695.15	686.00	700.00	686.00	0.582 times
22 Thu Aug 2024	689.55	683.05	695.40	683.05	1.214 times
21 Wed Aug 2024	682.35	700.00	702.00	680.20	0.499 times
20 Tue Aug 2024	699.45	693.05	702.00	681.95	0.472 times
19 Mon Aug 2024	690.15	690.50	695.30	679.55	0.468 times
16 Fri Aug 2024	686.65	657.00	691.50	657.00	1.214 times
14 Wed Aug 2024	650.95	667.00	667.00	644.00	0.414 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 698.3, but if it comes below 698.3, then a intra day sell could be more profitable.
If you take a sell trade below 698.3, then use 698.3 as stoploss and 679.17 as target. However if you take a buy trade in stock , then use 698.3 as stoploss and 721.4 as target.

Share price targets for Sonacoms (Sonacoms)

Target Type	Value
Downside Target	565.05
Downside Target	604.85
Downside Target	624.00
Downside Target	641.70
Downside Target	690.55
Downside Target	691.50
Upside Target	702.00
Upside Target	703.00
Upside Target	713.40
Upside Target	736.15
Upside Target	764.75

Intraday share price targets for Sonacoms (Sonacoms)

Target Type	Value
Downside Intraday Target	682.12
Downside Intraday Target	663.53
Upside Intraday Target	727.72
Upside Intraday Target	754.73
Upside Intraday Target	709.13

Weekly technical analysis of Sonacoms (Sonacoms)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	700.70	695.15	736.15	690.55	1.595 times
23 Fri Aug 2024	695.15	690.50	702.00	679.55	0.945 times
16 Fri Aug 2024	686.65	665.50	691.50	644.00	0.799 times
09 Fri Aug 2024	678.95	667.05	689.20	647.90	0.529 times
02 Fri Aug 2024	688.70	698.95	703.00	663.55	1.557 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sonacoms (Sonacoms)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	700.70	677.05	736.15	644.00	0.438 times
31 Wed Jul 2024	679.30	648.55	764.75	641.70	1.764 times
28 Fri Jun 2024	641.40	673.05	675.00	604.85	0.495 times
31 Fri May 2024	650.60	647.95	657.00	565.05	1.166 times

Scroll below to view daily charts

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 Sonacoms (Sonacoms)

Price action analysis of Sonacoms ( (Sonacoms) ) based on a short 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 Sonacoms ( (Sonacoms) ) 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 Sonacoms ( (Sonacoms) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Sonacoms in short term and the buy signal is strong.

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

Sonacoms Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sonacoms in short term but SELL signal is weak.

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 697.44 and Sonacoms (Sonacoms) 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 Sonacoms (Sonacoms) stock. Volume based technical analysis of Sonacoms (Sonacoms) stock is negative.

Sonacoms 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.