SONA BLW: Trading near breakout zoneSONA BLW is trading near breakout zone. Seems good accumulation has been done and stock is getting ready for breakout. Keep on radar
SONACOMS trade ideas
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 | 41% TARGET | SWING TRADE SONACOMS | 41% TARGET | SWING TRADE
This is an educational purpose tech analysis video
Sonacoms-breakoutSonacoms-breakout of flag & pole pattern on daily & weekly chart.. Rsi , dmi & + dmi
Also bullish.,..
Buy above 540
Sl 522
Tgt 552-568-620-640-655-672 as per your holding period..
#Sonacoms | #Cup&holder formationThe stock was in a trading range from quite sometime and now breaking out with cup & holder formation
Sona BLW - Daily Candle - Flag and Pole Pattern
Sona BLW - Daily Candle - Flag and Pole Pattern
Entry above 549, SL 518
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
SonaComs - Daily.Falling wedge.
On breakout, it can give a goood upmove till 496-574-691-791 levels.
Sl - yours. (It has corrected more than 50% from highs)
Keep in radar above 555 more fireKeep in radar above 555 more fire... good fundamental stock for long term
a double bottom (W) breakout at SONACOMSOn the #SONACOMS daily chart, there is a 5-point curveline as well as a double bottom (W) breakout. The reversal is also confirmed by the Nifty/SONACOMS ratio chart. I compared #SONACOMS vs. the #Nifty and its peers from 07/11/2022 and discovered that it has just started outperforming both the #Nifty and its peers in the sector.
BSE: 543300
NSE : SONACOMS
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 is going to become sona Add this stock between 460-470 , stoploss 459 on daily closing basis
SONA BLW PRECISION FORGINGS TARGET 547SONA PRECISION FORGINGS long weekly down trend breakout. If it opens above 477 in day and sustains above 484 in weekly it will reach 547
Sona lelo LONGRSI breakout done
200 emi resistance gonna be broken.
W pattern also made!
Looks good to buy for a swing
Levels are marked.
SONA Long SONACOMSona blw precision long
Had been on down trend for long. Currently at the support levels and near formation of double bottom pattern. If sustains with good volumecan see good upmove.
453-477- and more if sustains.
No recommendations, just my view based on chart pattern.
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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Follow me for more!
Inverted H&S- After a down trend the stock is forming a H&S as base
- Can also be seen as C&H pattern
- Volatility contraction during right shoulder or Handle
- So many inside bars
Disc :- wait for a Strong BO that takes the high of the Mother Bar which is 477.90
double bottom and 1-year trendline #breakout on SONACOMSdouble bottom (W) and 1-year downward trendline #breakout on #SONACOMS daily chart with good volume. Keep an eye on Sona BLW Precision Forgings Ltd.
BSE: 543300
NSE : SONACOMS
What Is a Double Bottom?
A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
KEY TAKEAWAYS -
The double bottom looks like the letter "W". The twice-touched low is considered a support level.
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
SONA BLW looking good for medium term.SONA BLW looking good for medium term investment .
buying zone is mentioned in chart .
already in oversold zone . So, We will wait for price to come in our Buying Zone .
Also, Fundamentals are also very strong .
company with Low Debt and Zero Promoter Pledge.
NSE:SONACOMS
Signal Tenure - for 9 TO 11 MONTHS NSE:SONACOMS
SONACOMSIn Daily chart of SONACOMS, we can see that it has given a breakout and retesting is also done.
Plan an entry with SL.
This can be considered as an investment for an year.
Sonacoms - Falling Wedge BreakoutHi,
it looks like sonacoms about to breakout. Please check chart for SL and TARGETS.
Thank you,
