#SONATSOFTW One of our MO selected #Multibagger showing positive results,
Check out the levels, After touching 633 level Never look back to that level and reached till 1010 and retraced to 961.
Sustaining above this level might give good momentum, Good above 1015.
Have a Happy trading.
-Consolidating in range
-May retrace a bit before the breakout
-If it gives a clean breakout with volume, then enter only above 815
-Bullish Market structure
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
It can be a possible opportunity for swing trade in SONATSOFTW..
However, for minimal risk I would buy if price closes above 735 (maybe on 22nd Jun/23rd Jun)
Timeframe - expected to reach target before 30th Jun
You'll be surprised to see if you go in back date till now , the stock trades close to its 50 MA... So buy when it touches the 50 MA line, short term holders can trail their stop losses in line with the 50MA
~for educational purpose only~
Sonata software is a small cap stock, probably thatswhy rally came slightly later. In previous day session it has broken
1. its long term trendline resistance
2. its recent swing high zone
3. absorbed the whole candle of 31 Aug 20
Currently above 200dma and breakout came with good volume.
Buying near 330 can be a good bet, SL 320 First target 350-352.
SONATSOFTW Announce result MAY 11 Expect COVID-19 Impact
(180-190) Zone Is 0.618% Retrace So keep watch Breakout Or Not Then Enter Trade
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
I am not responsible for any liabilities arising...