Rounding pattern breakout : Sonata SoftwareRising momentum breaking out of a rounding pattern with bullish momentum & rising trend with high volumes
could give reasonable risk reward for swing trading with close below stop loss at breakout neckline.
Key stats
Market capitalization
115.213BINR
Dividends yield (FY)
2.43%
Price to earnings Ratio (TTM)
26.00
Basic EPS (TTM)
31.65INR
About SONATA SOFTWARE LTD
ISIN
INE269A01021
Sector
Technology Services
Industry
Information Technology Services
Website
sonatasoftware.com
CEO
Samir Dhir
Headquarters
Bangalore
Employees
5.158K
Founded
1997
Sonata Software Ltd. is a holding company, which engages in provision of information technology services and solutions. It operates through the India and Other than India geographical segments. It offers software development, technical, and product marketing services, as well as consulting services. Its software portfolio includes Brick & Click Retail Platform, Modern Distribution Platform, Rezopia Digital Travel Platform, Kartopia E-commerce Platform, Halosys enterprise development automation Platform, CTRM Commodity Trading and Risk Management Platform, and KODO - AI Powered Customer Experience Platform. The company was founded in 1986 and is headquartered in Bangalore, India.
CUP pattern on SONATA SOFTWARE on Weekly TimeFrameSONATA SOFTWARE -
- Cup Pattern (1 year 3 months) (WEEKLY time frame)
- Breakout on March 1st, 2023 - Level 768.70
- Approaching retest zone of 768.70 - 753.00
- Entry on reversal Price Action
* Monthly RSI above 60
* Weekly RSI above 60
* Daily RSI approaching 60
Chances of bounce/reversal on d
“Rounded bottom” pattern Breakout SONATASOFTW on the weekly chart has decisively broken out above the “Rounded bottom” pattern at 750 level indicating a positive bias.
Stock is forming a higher high-low on 3 March, 2023• Stock is forming a higher high-low on the weekly chart. This formation indicates a positive uptrend.
The break
Formation of cup pattern in 15mins1.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
BUY TODAY SELL TOMORROW for 4% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed t
saucer pattern Breakout at SONATSOFTWOn the #SONATSOFTW weekly chart, there is a saucer pattern #Breakout. I compared SONATSOFTW to the #Nifty and its peers over the last 123 trading sessions and discovered that it is currently outperforming both the Nifty and its peers in the sector.
BSE: 532221
NSE : SONATSOFTW
ONLY FOR #educatio
Sonata SoftwareThe Stock formed perfect rounding bottom and breaks out the previous ATH with good volume supported candle, if sustain the breakout level then we may see good upside upto 880+
SONATSOFTW - Ichimoku Bullish Breakout 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 809
#This
SONATSOFTW - Ichimoku Bullish Breakout 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
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