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...
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
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.
Barsega 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.
sona coms is flying. Daily as well as charts are showing bullish patterns. Strong inflow from DII & FII. All indicators and oscillators are showing thier strength. Anyone can participate in the rally. All the best!
SONACOMS 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-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..
Hello;
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...
On 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
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...
