SONACOMSClear breakout of resistance and trendline with good volume on weekly timeframe. Can keep track till friday and wait for weekly closing for double confirmation.
SONACOMS trade ideas
Sona BLW Breakout with good volumeSona BLW Breakout with good volume.
It breaks the supply zone.
Could be a good candidate for swing.
Bullish on SONACOMS Bullish view on SONACOMS
BUY ABOVE 604+
SL 570
TARGET 780+
DISCLAIMER -We are not responsible for your profit and loss, it's only for education purpose analysis
SONACOMS: Multiyear BO on the vergeSONACOMS: Multiyear BO on the verge... Formed base and now moving up with good volumes too..
Sona BLW Precision can be a good decision. Sona BLW Precision Forging Ltd. CMP – 578.75
Market Capitalization Rs 33,940.3Cr
Red Flags:🟥
High Valuation (P.E. = 73.3)
MFs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
Improving annual net profit
Improving cash from operations annual
Previous Happy Candles Number – 57/100
New Happy Candles Number – 70/100
Fresh Entry/ averaging / compounding after closing above 582
Targets:604 and 626
Long term target: 663
Stop loss: Closing below 540
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Sona BLW - Technical investment ideaTechnical idea of the week - Sona BLW Precision Forgings Limited
Stock made a high of 840 and then a correction started till 400 levels, made a double bottom at 400 and then trying to make higher highs and higher lows after double bottom breakout. 600 seems like the first hurdle, breakout above 600 will also make inverse head and shoulder pattern. 540 is the immediate support zone, Potential to touch 650, 720 and 770 levels in next 1-2 years.
SONACOMSLong legged doji on Major support level.
Take a chance for long position with doji low SL.
Volume very Good.
Disclaimer This is my personal view for education purpose only.
No Buy sell recommendations.
SONACOMS | Major Trend ReversalAbove 608 Stock will lead to All Time High
Consistently increase in FII Holdings
Making of Higher Highs in Daily Chart
SONA Gold h ki nahi waqt batayega Hello @JainArpan
All the best.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Sona Looking SolidSona BLW Precision Forgings Ltd. is an automotive system and components manufacturer with 9 plants spread across India, China, Mexico and USA. The company offers highly engineered, mission critical automotive system and components such as differential gears, conventional and micro hybrid starter motor, BSG systems, EV Transaction motors and much more. Sona BLW Precision Forgings CMP is 516.35. Negative aspects of the company are high valuation (P.E. = 76.5) and promoter decreasing stake. Positive aspects of the company are no debt, improving annual net profits, improving cash from operations, MFs are increasing stake, FIIs are increasing stake and zero promoter pledge. Entry after closing above 520. Target of the call will be 532 and 545. Long term targets in the stock will be 570+. Stop loss in the stock should be maintained at closing below 490.
SONACOMS nice trade building upHello Friends,
checkout another trade of mine. Sonacoms.
They are into forgings.
Nice financials,dip in net profit caused the fall. I will watch the financials and start buying more in the 435-460 range.
Potential stock SONA BLW
After fall from 840 to 400
The stock now seems to be prepared for a stronger upmove from here as the chart shows..
The fundamental of the company are somewhat okay but the shareholding changes in the recent years can't be ignored but to me chart is superior..
So buy above 480
TGT 620-700-ATH
SL can be placed at 390
Note: Do your analysis this is not any personal recommendation for the mentioned stock for buying or selling with me. It's just for educational purpose and backtesting .. also i have the share from very low levels 🚩
Sonacoms Demo Buy TradeDemo buy
very small setup
just testing waters..
Break of very important trendline
SONACOMS in dcb - change of direction may happen from hereonNSE:SONACOMS now may change its direction from downwards to upwards as price action tries to form HH-LL from LH-LL earlier.
Trendline Breakout in Sona BLW Precision Forgings Ltd...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SONACOMS : AnalysisDouble Bottom Pattern & "W" Pattern Formed On The Daily Timeframe. Expecting The Stock Price To Touch The Green Line & The Red Line Can Be Taken As A Stop Loss.
High Favorable With A Risk Reward of 1:3
Disclosure : Just Analysis for Future Reference. Not a Prediction.
Sonacoms looking bullishSONACOMS
Fabulous result
Stock ready to reach 480/490/520
in no time
Discard the view below a close on daily under 430
A trend reversal pattern spotted
We can see reversal anytime in SONA BLW as stock has down 50%Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors,
Market Cap
₹ 23,863 Cr.
Current Price
₹ 408
High / Low
₹ 707 / 397
Stock P/E
68.3
Book Value
₹ 35.4
Dividend Yield
0.38 %
ROCE
21.5 %
ROE
20.6 %
Face Value
₹ 10.0
Debt
₹ 251 Cr.
EPS
₹ 5.98
PEG Ratio
1.36
Promoter holding
53.5 %
Intrinsic Value
₹ 134
Pledged percentage
0.00 %
EVEBITDA
42.5
PROS:-
Company has reduced debt.
Company has delivered good profit growth of 50.2% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 255%
CONS:-
Stock is trading at 11.5 times its book value.
stock to bahut acha hai long term k lie mai bhi soch rha hun investment k lie isme,,,jaldi he entry lunga,,thoda aur niche milega to and yanha se average krna start krunga....
Please guy's like and follow me for more updates
Thankyou
SONACOMSCMP: 447
BO confirmation above 454. Strong supports around 425 and 400, would also work as SL. Stock is now above its 20 dema.
Fibonacci retracement targets are very attractive. May fire anytime.
T1: 500+ (short to medium term)
T2: 565+
T3: 610+ (medium to long term)
