NACHATUR

BREAKOUT IN SONACOMS

Long
NSE:SONACOMS   SONA BLW PRECISION FRGS L
Sonacoms stock has given a breakout from the descending trend line on 4 times 10 days average volumes. Its CMP is 455. It has come above 50 days EMA.
Sonacom is a precision forging unit supplying to auto industry Including big names like Tesla. Its targets are 493, 548 and 609. However, it will not be valid below 430.

Disclosure: its purpose is educational and I am not a SEBI registered analyst. Pls consult your Financial advisor before taking a trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.