Sonata software breakout and restest!!!Stock has given breakout from accumulation zone and has completed the retest too. Now the stock looks to be heading towards 760 level for completing rounding bottom.
SONATSOFTW trade ideas
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 645
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Sonata Software is in Consoilidation Phase | NIFTY | NIFTY ITThe 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 short-term Channel of around 6 Months and it broke its support of it recently.
Now it's again going to enter the channel.
Stock is in an uptrend for the last 6 months.
Stock is printing a VCP-looking alike Pattern in Daily Timeframe.
36# Sonata SoftwareNSE: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 any position. This is just for Education purposes.
sonata software ....sonata software ...
1 - triangle pattern/inverted h&s flag pattern
2- rsi above 60 in good momentum
3 - normal volume coz 1st day of week .
buy here with sl @ 552
target @ 620 , 640 , 710
SONATA SOFTWARE SHORT TERM BUY KISS THEORYKISS THEORY (keep it simple and straight)
In this chart you will find a simple rising straight line
And i have drawn 5 horizontal line on the previous high's
Which will be our tgt's
Buy above 886 weekly tgt will be 905 the 1st previous high
And in one months time it will move to minimum 3rd to fifth tgt
Kindly use rising lines as entry and exit points and also all tgts can be entry or exit levels
NSE:SONATSOFTW BuyNSE: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.
Sonata softwareBuy sonatasoftware if it cross above 960 and it obeys the trend line. Target is 1000+++. Hold it for long
SONATA SOFTWAREThe stock is in uptrend. The RSI presently is 61 and is moving up gradually. See charts for the next few targets.
Watch out SONATA this trade till next friday As per my strategy this trade has taken support on 50MA which provide boost to create an uptrend
SONATA SOFTWARE DARVAS BOXbuy above the box that is 909. targets and stoploss are mentioned in the chart
KELTNER CHANNEL - IEdges in the market erode all the time. New technology and information will never stop flowing in the market and we have to evolve all the time. Traditional chart patterns have no statistical edge and it is very important to use tools that can be tested statistically. One of the most important and never-talked-about statistical parameters among popular gurus is the p-value which provides evidence about the randomness of the null hypothesis. If anyone gives you a "backtest" of a system, be sure to ask about the p-value of the hypothesis and not the accuracy of the system.
Since I am not fully equipped to conduct those tests myself, I had to rely on my trading educator Adam Grimes, who is a brilliant trader with proper statistical tests and this is just an interpretation of his work. Anyone interested in his statistical work can just comment below and I will be more than happy to help you out. I would have added those tests here itself, but I might get banned.
sonata software hello traders we can focous on sonata software
it may blast after 880
target -891,900++
Sonata Software Near its Support (Long Trade)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
Long in SONATA SOFTWAREThis scrip is being in an uptrend for a very long time, now it had bounced back from a inflection point i.e., there were three supports
1. Trendline
2. 21EMA
3. Monthly Central Fibonacci Pivot
So i think this as a perfect opportunity to long. Swing Traders may consider to long this scrip with SL the trendline or below the S1 and with a target of R2. I kept RRR of 2
Symmetrical Triangle in SONATASOFTSonata Software is trading in the range of 830-875 for the last 8 trading sessions, Which draws the Symmetrical Triangle kind of Price pattern in the daily chart. It has given a breakout of that triangle today. we can make entry from 901-902 with the SL of 883.95 for the target near 948.
