SONATASOFTW has broken out of a long flag on the upside and holding the level. Previously it broke out of a long cup pattern and never looked back. High Volume and High RSI.
1.Break of trendline in 1day
2.Sonatsoftware forming 2 cups and breakout had happened in 15mins
3.Trendline resistance in 15min once it breaks can expect 3-5%returs
Stock Name - Sonata Software Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 738
#This is not Buy and Sell recommendation to any one. This is for...
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...
NSE:SONATSOFTW Looks good if
1.Weekly closing crosse above 603
2. Symmetrical Triangle Pattern Breakout
3. Bullish Crossover: Weekly EMA 20 Crosses Above Weekly EMA 50
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#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling...
NSE:SONATSOFTW
#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.
The White line acts as a Great Support. Risk to Reward is Quite favourable at this position.
Entry: 860
Stroploss: 830
Target 1:905
Target 2: 980
you can trail until it Doesn't Breaks White line
Key Highlights:
-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
-Volume expansion
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)
Target- 765-770
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~
