Descending Triangle Break Out.
Multiyear Support @ 145.
PE : 10.64.
Industry PE : 18.95.
Dividend Yield : 5.75%.
Data Taken From Internet.
Investment View for 1 Year.
Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
Sonata Software is in deep consolidation on top if it breaks 180 level with good volumes then it will make a new high near 220, otherwise it will break down
As the IT index is moving up,this stock is in my watch-list.Momentum looks good.
P.S. ------- This is not any recommendation to buy or sell. It is for educational purpose only. Money market is risky. Talk to your financial adviser before any investment decision.
Wish you all a very happy and profitable trading. Thanks !!!!
As depicted in the chart attached, Sonata has witnessed a breakout from a 5 Year channel on higher volumes. This indicates that the move is intact and one could look to enter the stock with a target of Rs 235 on the upside. Stop loss @ Rs 171
