Reversal candidate Sonacoms

There is clear higher lows formation seen after about 2 yrs of correction phase.

20ma and 50ma on weekly charts have started showing upward direction.

Buy above (600 levels) is good resistance level.
Targets and SL are on charts.


As I see lot of new followers thought of adding
Caution Notes:

• Try to learn the concept instead of looking for tips.
  
• Master one strategy that suits your psychology and stick to it for consistent results.
  
• This is weekly chart Targets can come in 1~9 months time. This will not suit you if you are looking for quick gains in few days.
  
• Use proper money/risk management to calculate position size.
  
• Be disciplined to follow Stop Loss (SL).
  
• I am not a Qualified/Registered Financial adviser.
  

Trade active:

600
SL 549

Comment:

giving second entry opportunity

Comment:

second entry triggered.