Just A View - Monthly Breakout - SONACOMS📊 Script: SONACOMS
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components & Equipment's
Key highlights: 💡⚡
📈 Script is giving Breakout on Monthly chart, we may see a good rally in future.
📈 Stock is up by 24% in this month , we may see some profit booking or consolidation at 743 level which may work as support zone.
📈 Risky traders can go for a trader with 743 stoploss. Safe player wait for clear momentum.
📈 Keep An Eye On Stock.
⏱️ C.M.P 📑💰- 766
⚠️ Important: Always maintain
Sonablwprecision
Sona BLW Precision cmp 593.85 by Weekly Chart view since listedSona BLW Precision cmp 593.85 by Weekly Chart view since listed
- Support Zone 500 to 550 Price Band
- Resistance Zone 605 to ATH 655 Price Band
- Bullish Rounding Bottom with VCP around Support Zone
- Rising Support Price Trendline shouldering the price up move
- Breakout from Falling Resistance Trendline has sustained good
- Volumes are spiking regularly above the average traded quantity
Sona BLW Precision Forgings Ltd – Breakout OpportunityDate : 31-Jan-2024
Rating : Buy (Mid Term as well as Long Term Opportunity)
LTP : Rs. 618.20
Target : (1) Rs. 669 --> (2) Rs. 706 ++
SL : Rs. 550
Technical View :
NSE:SONACOMS has given breakout from its secondary down trend within primary uptrend. MACD crossover is done on 31-Jan and RSI is already in buy zone. Indicates bullish sentiment for the coming days.
Company Info :
NSE:SONACOMS is an India-based global automotive technology company engaged in designing, manufacturing and su
Sona BLW Precisions (SonaComstar) NSE:SONACOMS
A great proxy player to Automobile Industry with great fundamentals and it was backed by one of the biggest fund house in the world Blackstone.
Stock was in sharp impulse wave which is wave 1. After impulse stock was in running triple three correction which is wave 2. Running triple three correction can be difficult to identify but give very good opportunity to hop into main trend which is in this case is bullish trend.
Basic rule is wave 3 is most of the time is exte




