SONACOMS
SONACOMS : Breakout Soon#SONACOMS #breakoutsoon #vcppattern #trendingstock #momentumstock #swingtrade
SONACOMS : Swing trade
>> Breakout soon
>> VCP Pattern
>> Good Strength & Volumes
>> Structure Trading
Swing Traders can lock profit at 10% and keep Trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
SONACOMS is ready to flyHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Ascending Triangle Pattern in daily TF.
* From Nov 2021 to July 2024 Tested Resistance Many times.
* It's Already Break resistance Zone and trying to Sustain Above Resistance Zone if sustain we can see a good move.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
SONACOMS Bullish breakout predictionSona BLW Precision Forgings, an India-based automotive technology company, designs, manufactures, and supplies engineered automotive systems and components, including differential assemblies, gears, and EV Traction motors.
If we look at the chart:
The market has broken to the upside with very good volume. The market has broken the trendline to the upside. Also, the market is receiving support at 200 EMA. After the support, it has consolidated and then given a bullish hammer.
We can make an entry with Risk:Reward: 1:2.6.
Plan of Action:
Buy: 651-655
Stop loss: 614
Final Target: 747
Swing Trade - SONACOMS📊 Script: SONACOMS
📊 Sector: Auto Ancillaries
📊 Industry: Auto Ancillaries
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of Crossover.
📈 Right now RSI is around 59.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 705
🟢 Target 🎯🏆 - 750
⚠️ Stoploss ☠️🚫 - 683
⚠️ Important: Always maintain your Risk & Reward Ratio.
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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 supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction Motors across all vehicle categories.
EV Segment Outlook :
NSE:SONACOMS is well placed to drive the EV push globally with its presence in India, US, Europe and Asia with its one of the product lines of EV Traction Motors and Motor Control Units for hybrid and e-PVs, hybrid and e-LCVs, e-2Ws and e3Ws.
Currently, 28% of revenue comes from battery electric vehicles (BEV). Further, NSE:SONACOMS to invest INR 1,100-1,200 crore in capex for processing orders, expanding capacity for electric vehicle components by FY26.
[ b]Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Sona BLW- A good stock for long termSonacoms has been consolidating since past 1 year.
This is a pre breakout idea, hence risk is more.
480-500 is a strong demand zone from which stock has recently showed a big rejection.
Levels mentioned in the chart.
Good stock for EV theme investors as it is a stock from auto ancillary sector. Keep in watchlist.
SONACOMSSonacoms has given a beautiful breakout with good volumes, stock has even retested its levels and gave a good confirmation.
My targets are huge and I am bullish on this stock
Quick targets for Swing - 638, 690
Long targets - 690, 735, 769, ATH (all time high)
Only for Educational Purpose
Do your own research
SONACOMS | Swing Trade📊 DETAILS
Sector: Auto Ancillaries - Castings/Forgings
Mkt Cap: 34,069 cr
Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories.
The company develops mechanical and electrical hardware systems, components as well as base and application software solutions.
TTM PE : 72.26 (Low PE)
Sector PE : 49.28
Beta : 0.69
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
6.59% away from 52 week high
Underperformer - Sona BLW Precision Forgings up by 2.34% v/s NIFTY 50 up by 8.2% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Sona Comstar: Driving Innovation in the Auto-Tech WorldA Global Auto-Tech Innovator with Elliott Wave Insights
Let's delve into Sona Comstar, a global player in automotive systems and components. The company operates across India, China, Mexico, and the USA.
About Sona Comstar
Sona Comstar is an automotive technology powerhouse, crafting highly engineered systems and components. They supply vital parts like differential assemblies, starter motors, EV traction motors, and more to automotive giants worldwide.
Their innovations extend to electric vehicles, passenger cars, commercial vehicles, off-road machines, and two & three-wheelers.
What sets them apart is their cutting-edge, in-house technology—advanced precision forging. It ensures high performance, consistent quality, and precision, making them an innovation-driven multinational firm.
Elliott Wave Analysis
Now, let's consider the Elliott wave perspective:
The stock's price movements have been captured in waves (1), (2), (3), and (4), and we're possibly in the midst of wave (5).
In the current wave (5), wave 1 of (5) seems to be mostly complete.
An interesting observation: During the completion of wave (4), the stock experienced a deceptive breakdown, but it didn't follow through and instead reversed its course to head north along with good intensity of volumes.
As per the Elliott wave analysis, every dip in the stock's price could be seen as an opportunity to go long, with an invalidation level set at 488.
Rising Stock Chart
Sona Comstar is not just a part of the automotive industry; it's a player in the future of mobility. With their technological prowess and the intriguing Elliott wave insights, the stock seems to be on an exciting journey.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
SONACOMSNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
SONACOMS : trend reversal with double bottom pattern.NSE:SONACOMS after a long down trend it seems to be ready for reversal trend.
It has just breakout its resistance level 480 and forming a double bottom pattern.
Traders may consider entering a position in the range of 485-490, with target levels at 515, 545 & 600. It is important to note that trading carries a risk of loss, and a stop loss at 453 is recommended to limit potential losses if the trade moves against expectations.
As always, it is important to conduct thorough research and analysis before making any trades. This post is not financial advice and should not be considered as such.
SONACOMS : Moved into second phase of the uptrend after reversalSONACOMS has rested on its next support and now on the way to the second phase of its uptrend after the trend reversal from the channel. The targets and the SL are marked on the chart for your reference.
Remember this is an education post and meant only to understand the behaviors of the charts. It does not carry any tip to buy or sell for the stock.
Good Luck !!!
SONACOMS; Solid CompanyHello;
Long term investers
I wanted to share my thoughts on the recent movement in the stock price of SONACOMS. As you may know, the stock has fallen 50% from its upper levels, and is currently taking support at its current price.
In my opinion, this presents an Good opportunity for long-term investors to buy into the stock. SONACOMS is a company with strong fundamentals, and its current price appears to be attractive. The support level it has reached may provide a good entry point for investors who believe in the company's potential.
Of course, investing in the stock market always comes with risks, and it's important to do your own research and make informed decisions. But for those looking to add a solid company with strong fundamentals to their portfolio, SONACOMS could be a good choice.
As always, it's important to keep a long-term perspective and not get too caught up in short-term fluctuations in the stock price. Investing in the stock market requires patience and a steady hand, but with careful consideration and a bit of luck, it can be a rewarding experience
If you like Stan Weinstein - then you need to track this stock
As per Stan Weinstein methodology, stock is in late stages of accumulation
Trading above 30 Week EMA
People following that methodology will be keeping a sharp eye on this stock.
From EW - Price has reached the resistance level in a clean 5 wave rise, after completing a 78.60% retracement of the whole rise since its listing.
Any retracement would offer good entry point.
Lets see how this develops.
Sonacoms : Range breakout candidate#sonacoms : Positional call (1-3 months)
>> Range Breakout candidate
>> enter above safe entry zone or above 490
>> 2 seperate Stoploss mentioned for swing & positional
>> Good Strength & volumes building up in stock
Keep Liking & sharing for more such analysis, leave a comment if u like the analysis
@moneyfesttrading
SONACOMS - 90% RETURNS!!!BUY - SONACOMS
CMP - Rs 422
Target - 1: Rs. 593
Target - 2: Rs. 806
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Technical -
1) Bullish Cypher Harmonic Pattern.
2) The stock is at support.
3) Targets have been set using Fibonacci Retracement.
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Fundamentals -
1) Company has opened a new manufacturing plant in Pune.
2) 62.66% YoY growth in EPS.
3) FII holding has increased QoQ.
4) DII holding increased by 8.4% QoQ.
5) The high-value, the high-margin product portfolio is likely to help the company outperform the industry.
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Comment:
This chart is for educational purposes only.
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