Sonata Software is in Consoilidation Phase | NIFTY | NIFTY IT
Updated
The last 2 Year's chart is shared here.
Just wait and watch the game.
Fundamentals: YoY on YoY Revenue and EPS Growth.
Technicals :
It Breached the 1-Year-Old Trendline and Consolidation around it.
Last 2 Years RS compared to Nifty and Nifty has been Strong.
Although Its Sector's RS Is Weak Compared to Nifty.
Stock is trading above 50 SMA.
It's following a short-term Channel of around 6 Months and it broke its support of it recently.
Now it's again going to enter the channel.
Stock is in an uptrend for the last 6 months.
Stock is printing a VCP-looking alike Pattern in Daily Timeframe.
Just wait and watch the game.
Fundamentals: YoY on YoY Revenue and EPS Growth.
Technicals :
It Breached the 1-Year-Old Trendline and Consolidation around it.
Last 2 Years RS compared to Nifty and Nifty has been Strong.
Although Its Sector's RS Is Weak Compared to Nifty.
Stock is trading above 50 SMA.
It's following a short-term Channel of around 6 Months and it broke its support of it recently.
Now it's again going to enter the channel.
Stock is in an uptrend for the last 6 months.
Stock is printing a VCP-looking alike Pattern in Daily Timeframe.
Note
Last 2 Years RS compared to Nifty and Nifty IT has been Strong.Trade active
Today is a Good Bullish Kicker in 4H Time Frame
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.