#Sonacoms | #Cup&holder formationThe stock was in a trading range from quite sometime and now breaking out with cup & holder formation
SONACOMS trade ideas
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,
Possible Trend Breakout in SONACOMS???Stock has been consolidating from past one year after a giving a strong rally of more than 150%. On 25/01/23 stock has finally given breakout from its downtrend. Price level of 480-500 may act as immediate resistance for the stock. Major support lies between 400-410 in case price retraces in to previous channel. If price manages to close above this level, we can expect a decent rally in coming days. All the possible targets are marked on the chart. Maintain stop loss at 380.
About Fundamentals of the company, SonaBLW Precision Forgings Limited designs, manufactures, and supplies systems and components for the automotive industry in India and internationally. Recently the company has agreed to acquire 54% stake in Novelic Doo-Beograd-zvezdara for €40.5 million on January 9, 2023, will Complements its focus in the EV space and provides an option to scale the business and develop adjacency in conjunction.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:SONACOMS
BREAKOUT IN SONACOMSSonacoms stock has given a breakout from the descending trend line on 4 times 10 days average volumes. Its CMP is 455. It has come above 50 days EMA.
Sonacom is a precision forging unit supplying to auto industry Including big names like Tesla. Its targets are 493, 548 and 609. However, it will not be valid below 430.
Disclosure: its purpose is educational and I am not a SEBI registered analyst. Pls consult your Financial advisor before taking a trade.
SONACOMS looking to give sona(gold) ?SONACOMS really looking too good for a investment . stock is now in uptrend after a huge struggle . buy with sl - 400 and upcoming targets are - 480/512/569
Giving falling wedge breakoutThe stock has given a falling wedge breakout and a closing above 460 can take it to 500 plus levels.
Strictly buy positional on day closing basis.
Learn & Earn,
Dr. Tanya Kumar
