Soma textiles....Weekly breakout
10.45 is a crucial hurdle for more upmove..
likely to cross
Trading levels marked
−0.20INR
1.65 BINR
51.97 MINR
About SOMA TEXTILE & IND
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
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Frequently Asked Questions
The current price of SOMATEX is 36.50 INR — it has increased by 4.89% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange SOMA TEXTILE & IND stocks are traded under the ticker SOMATEX.
SOMATEX stock is 4.66% volatile and has beta coefficient of 0.27. Check out the list of the most volatile stocks — is SOMA TEXTILE & IND there?
Yes, you can track SOMA TEXTILE & IND financials in yearly and quarterly reports right on TradingView.
SOMATEX stock has risen by 21.67% compared to the previous week, the month change is a 2.82% rise, over the last year SOMA TEXTILE & IND has showed a 68.98% increase.
SOMATEX net income for the last quarter is 8.40 M INR, while the quarter before that showed 5.80 M INR of net income which accounts for 44.83% change. Track more SOMA TEXTILE & IND financial stats to get the full picture.
Today SOMA TEXTILE & IND has the market capitalization of 1.14 B, it has decreased by 3.69% over the last week.
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.
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 TEXTILE & IND 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 TEXTILE & IND technincal analysis shows the strong buy rating today, and its 1 week rating is strong 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 TEXTILE & IND stock shows the buy signal. See more of SOMA TEXTILE & IND 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.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. SOMA TEXTILE & IND EBITDA is −42.90 M INR, and current EBITDA margin is −80.45%. See more stats in SOMA TEXTILE & IND financial statements.