Soma textiles....Weekly breakout
10.45 is a crucial hurdle for more upmove..
likely to cross
Trading levels marked
6.63INR
210.92 MINR
57.27 MINR
About SOMA TEXTILES & INDUST LTD
Sector
Industry
CEO
Arvind Kumar SurendraKumar Somany
Website
Headquarters
Ahmedabad
Founded
1940
ISIN
INE314C01013
FIGI
BBG000D02MW8
Soma Textiles & Industries Ltd. engages in the manufacture and marketing of textiles. It offers piece dyed fabrics, denim fabrics and garments. The company was founded on March 29, 1940 and is headquartered in Ahmedabad, India.
LONG SOMATEXSOMATEX
CMP - 5
Stop - 2.5 on DCB
Expectation -
T1 - 24
T2 - 60 , Review at 24
Expected Holding Period - 200 trading days or earlier for T1
Ideas being shared only for educational purpose
soma textiles looks bullish in medium term to long termIn monthly, round bottom pattern formed and breakout happened with high volume
sl - 8.5, pattern tgt - 28, long term tgt - 47, 58.
Soma TextileForming a Rounding Bottom, On weekly Charts.
Weekly close above 15 with Volumes can take this stock to 26
See all ideas
Frequently Asked Questions
The current price of SOMATEX is 35.84 INR — it has increased by 1.04% in the past 24 hours. Watch SOMA TEXTILES & INDUST LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange SOMA TEXTILES & INDUST LTD stocks are traded under the ticker SOMATEX.
SOMATEX stock has risen by 2.34% compared to the previous week, the month change is a 5.57% rise, over the last year SOMA TEXTILES & INDUST LTD has showed a 68.26% increase.
SOMATEX reached its all-time high on Sep 19, 2005 with the price of 64.25 INR, and its all-time low was 1.00 INR and was reached on Jun 27, 2001. View more price dynamics on SOMATEX chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
SOMATEX stock is 8.22% volatile and has beta coefficient of 1.13. Track SOMA TEXTILES & INDUST LTD stock price on the chart and check out the list of the most volatile stocks — is SOMA TEXTILES & INDUST LTD there?
Today SOMA TEXTILES & INDUST LTD has the market capitalization of 1.19 B, it has increased by 0.57% over the last week.
Yes, you can track SOMA TEXTILES & INDUST LTD financials in yearly and quarterly reports right on TradingView.
SOMATEX net income for the last quarter is 12.00 M INR, while the quarter before that showed 192.80 M INR of net income which accounts for −93.78% change. Track more SOMA TEXTILES & INDUST LTD financial stats to get the full picture.
No, SOMATEX doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. SOMA TEXTILES & INDUST LTD EBITDA is −37.00 M INR, and current EBITDA margin is −58.79%. See more stats in SOMA TEXTILES & INDUST LTD financial statements.
Like other stocks, SOMATEX shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade SOMA TEXTILES & INDUST LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So SOMA TEXTILES & INDUST LTD technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating SOMA TEXTILES & INDUST LTD stock shows the buy signal. See more of SOMA TEXTILES & INDUST LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.