SONA BLWSONA BLW - Buy on each dip and target will be 850 down the line.. Can see Volume Bar as well...
SONACOMS trade ideas
Amazing breakout on Weekly / Daily Timeframe - SONACOMSCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN DAILY TIMEFRAME.
SONA BLW nearing Breakout Sona blw is near to Breakout from an inverse head and shoulder pattern range
.If the stock manages is to sustain above rupees 620 then it can reach up to rupees 680 in the short to medium term.
Sona BLW nearing Breakout Sona BLW is nearing a breakout from inverse head and shoulder pattern and pattern range with strong volumes. If the stock manages to sustain above 620 then it has the potential to hit 680 in the short to medium term.
SONA BLWThis Auto Ancillary Stock has been beaten up enough. On the Technical Indicator RSI for Daily, Weekly and Monthly chart is gaining strength. However, care should be taken cause any correction in stock could take a deep dive. One can take a risky bet for a Target of Rs. 620 and above which could rally upto Rs. 700. A very strict Stop Loss to be kept at Rs. 550 and an entry price of Rs. 577.
Sonacoms Breaking Symmetrical Triangle Pattern- Broke symmetrical triangle pattern
-volume rising
-above all crucial ema and sma
-adx and rsi showing strength in momentum
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 extended one. So, After Running triple three correction I think stock is in extended wave 3. My target for wave 3 is 995.
SONACOMS- Apna 300SONACOMS- Apna 300
1) Trendline Breakout possible
2) Big Target
3) Lets see
3) How The Bullish engulfing candle, behaves along with VOlumes.
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.
Good Stock for long term holding. Prive havent tested its lower level if comes down than lower level of investing is marked.
Above 610 is good to invest for the marked targets.
Good stock for long term holding if invested at lower levels.
sonacomscup and handle formation with a small resistance at 625 levels
support (570 levels)
targets as per the chart
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
Sector - Auto Ancillaries The auto index at all time high and Auto Ancillaries will be direct beneficiary of booming auto sector. Multiple ancillaries identify as their technical set up and for disclaimer, the information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
1. Sona BLW Precision Forgings Ltd
2. Minda Corporation Ltd
3. Motherson Sumi Wiring India Ltd
4. Amara Raja Batteries Ltd
5. Tube Investments of India Ltd
6. Steel Strips Wheels Ltd
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.
Sona bwl Flag pattern in sona bwl most likely to touch this target macd is also showing a curve upwards at 4hr time frame a must stock to have in portfolio with good fundamentals.
Will keep posting updates
SONA BLW IS READY?DISCLAIMER
Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
sonacom star a SONA(gold) shareBarsega Sona hi sona. 575 is the key breakout levels. Immidiate Next target 700. Disclaimer: Holding the stock. Not a buying or selling recommendation, do your own research before entering or exiting.
#Sonacomm cash : Flag pattern breakout #Sonacomm cash -Positional call
23.07.2023
Looks good above 580.10
Stoploss 530
Tgt 660/740
Cmp 572.10
