Sonata Software is in Consoilidation Phase | NIFTY | NIFTY IT
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.
Comment:
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