Is Soma Textiles & Industries Limited stock a buy or sell right now?

Soma Textiles & Industries Limited currently trades in a Neutral range, with momentum and trend indicators showing no clear direction.

What is Soma Textiles & Industries Limited’s RSI?

RSI is 62.67, showing balanced momentum within the normal range.

What does MACD indicate for SOMATEX.BO?

MACD at -1.28 shows bearish pressure, with downside momentum building.

What are Soma Textiles & Industries Limited’s key support and resistance levels?

Support sits around $87.18, while resistance is near $104.19.

Soma Textiles & Industries Limited (SOMATEX.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Soma Textiles & Industries Limited.

SOMATEX.BO●BSE

Consumer CyclicalApparel - Manufacturers

₹104.03

₹5.14(5.20%)

Indian Market opens in NaNh NaNm

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

SOMATEX.BO Technical Analysis Summary

Soma Textiles & Industries Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral

Momentum:Bullish (RSI: 62.67)

Trend Strength:Weak (ADX: 12.21)

Volatility:High (ATR: 6.50)

Support/Resistance:$87.18 – $104.19 (Bollinger Bands)

This mix signals that Soma Textiles & Industries Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 62.67

Bullish

Above midpoint suggests upward bias.

Stochastic %K: 58.70

Neutral

Mid-range signal with no clear trend.

Williams %R: -2.42

Bearish

Overbought levels may trigger correction.

Rate of Change (ROC): 9.38

Strongly Bullish

Strong upside momentum.

Takeaway:Soma Textiles & Industries Limited shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: -1.28

Bearish

Bearish, trend momentum is strengthening to the downside.

ADX: 12.21

Weak

Weak trend, market trading sideways.

ATR (14): 6.50

High

High volatility, wide price fluctuations.

CCI (14): 153.02

Bearish Risk

Bearish risk, overbought levels suggest caution.

Takeaway:Soma Textiles & Industries Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators

Bollinger Bands

Upper Band

$104.19

Middle Band (SMA 20)

$95.68

Lower Band

$87.18

Current Position

Within Bands

Takeaway:Soma Textiles & Industries Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels

Upper Channel

$109.85

Middle Line (EMA 20)

$96.86

Lower Channel

$83.86

Squeeze Status

Squeeze On

Takeaway:Soma Textiles & Industries Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis

On-Balance Volume7.56K

Money Flow Index80.11Bearish risk, overbought conditions may trigger pullback.

Relative Vigor Index72.63Bullish, price momentum strongly favors buyers.

Overall Takeaway:SOMATEX.BO shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary

Based on the current technical analysis of Soma Textiles & Industries Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Technical indicators for Soma Textiles & Industries Limited are mixed, suggesting a Hold or wait-and-see approach.