SONACOMS TARGETSThis stock is following a channel as you can see on chart.
Up Short term targets: 817, 850, 880.
Down Short term target: 756
Time Frame: December 2021
SONACOMS trade ideas
Sona Coms #EducationpurposeonlyLooking at the structure and area of value looks good for upmove/breakout, keep a strict stop loss based on your risk mgt.
SonaComs is making parallel tunnel inside the long term tunnel. SonaComs is making parallel tunnel inside the long term tunnel. Ready for breakout on intersection.
SonaComs Sona Comstar was at channels bottoms at 600 and now 100 points up. You can definitely check out.
Bullish on SonaComs (Daily)
- Descending Triangle Breakout
- Above 89 MA
- Positive Relative Strength
- SL : 609
- Target 1 : 809
- Targer 2 : 1010
Accumulation zone for Sona Comstar InvestorsNSE:SONACOMS
note: this is not an idea for short term trading, but for long term investors.
The scrip seems to respect the yellow trendline since its IPO.
so one can use the yellow line to accumulate the shares whenever the scrip takes support on the line for longterm.
Sonacoms taking support and will bounce in long term. Sonacoms is nearing the support line and will be bouncing back.
SonaComs : Going long at 575Going long with support line as Closing basis stop loss. This month stop-loss going to be wider because market is trending and supports levels are far. Please keep in mind on position size before initiating the trade.
Typical Pole and Flag PatternInvest by knowing the risk. But the stock is really good for long term. PE is higher as it is a growth company.
Channel pattern breakout?It appears as the stock broke out of the channel but see the big rejection of the last candle...long upper wick of the candlestick. So i would not take any position as yet. Volume is decent but the rejection is worrrisome. Let's wait and see what happens. The stock has been doing higher highs though. Cheers
Sona BLWSona BLW Precision Forgings Ltd. engages in the provision of services to the automobile industry. The company was founded on October 27, 1995 and is headquartered in Gurgaon, India.
SONACOMS - Breakout in Hourly chartRounding bottom breakout on hourly charts of recently listed SONACOMS, new high is possible.
Disclaimer - This is just for educational purpose and not a trading or investment advise
