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SONATA SOFTWARE LTDSONATA SOFTWARE LTDSONATA SOFTWARE LTD

SONATA SOFTWARE LTD

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SONATSOFTW trade ideas

SONATASOFTWARE techno-funda analysisSonata Software Ltd. is a global IT services and solutions company focused on digital transformation, cloud enablement, and platform modernization. It caters to sectors like retail, BFSI, travel, and manufacturing, with deep capabilities in Microsoft ecosystem technologies. The stock is currently trading at ₹509.35 and is forming a base after a broad retracement from previous highs. Sonata Software Ltd. – FY22–FY25 Snapshot Sales – ₹5,372 Cr → ₹6,214 Cr → ₹7,465 Cr → ₹8,155 Cr – Consistent revenue expansion led by digital and cloud Net Profit – ₹410 Cr → ₹487 Cr → ₹548 Cr → ₹618 Cr – Margin stability despite macro cost pressures Company Order Book – Moderate → Moderate → Strong → Strong – Strong deal pipeline in U.S. and Europe Dividend Yield (%) – 1.23% → 1.31% → 1.40% → 1.40% – Fair yield, supports total shareholder return Operating Performance – Moderate → Moderate → Strong → Strong – Cloud and IP-led growth improving Equity Capital – ₹140.23 Cr (constant) – Efficient capital structure Total Debt – ₹195 Cr → ₹180 Cr → ₹165 Cr → ₹155 Cr – Low and declining, comfortable leverage Total Liabilities – ₹2,030 Cr → ₹2,150 Cr → ₹2,270 Cr → ₹2,385 Cr – Growing with operating scale Fixed Assets – ₹465 Cr → ₹480 Cr → ₹505 Cr → ₹528 Cr – Gradual tech and infra investment Latest Highlights FY25 net profit rose 12.8% YoY to ₹618 Cr; revenue up 9.2% to ₹8,155 Cr EPS: ₹44.07 | EBITDA Margin: 17.4% | Net Margin: 7.58% Return on Equity: 21.79% | Return on Assets: 10.96% Promoter holding: 34.55% | Dividend Yield: 1.40% Strong performance in cloud migration, managed services, and proprietary platform IPs North America remains key growth driver, with robust enterprise digital transformation budgets Technical Snapshot Sonata Software is trading at ₹509.35 with an RSI of 44.70, signaling neutral to mildly bearish sentiment. After correcting from the recent top, the stock has found support around ₹509.35 and earlier at ₹424.15 and ₹366.45. Price is coiling near the base of a structural channel with rebound potential. If sentiment turns, bullish retracement targets lie at ₹787.00, ₹923.05, and ₹1,096.40 in the medium term. Business Growth Verdict Yes, Sonata Software is scaling steadily with a solid IP-led tech strategy Margins are stable with strong ROE and limited debt exposure Order book strength and platform-led solutions support future visibility Capex and infra investments remain conservative and purposeful Final Investment Verdict Sonata Software offers a mature growth narrative in the mid-cap IT services space. Its differentiated approach in digital engineering, Microsoft partnerships, and repeat global clientele provide high revenue stickiness. While broader IT demand is moderating, Sonata’s platform-led margin resilience and capital discipline stand out. The current technical base and improving order visibility make it a strong candidate for medium-term accumulation with a focus on operational consistency and yield support.
NSE:SONATSOFTWLong
by TechnicalAnalystSucrit
Sonata Software Races to ₹675! TP4 Within Reach!Sonata Software, on the 1-hour timeframe, demonstrates a strong bullish momentum with TP1, TP2, and TP3 successfully achieved. TP4 is within close range and is likely to hit as the trend continues on the Risological Swing Trading Indicator. Sonata Software Key Levels: TP1: 587.45 ✅ TP2: 621.10 ✅ TP3: 654.75 ✅ TP4: 675.55 (Pending) Sonata Software Technical Analysis: The trade was initiated at 566.65, following a clear breakout above the Risological Trend Line. The consistent upward momentum indicates a strong trend, with well-marked take-profit levels and a tight stop-loss at 549.85 to manage risk effectively. With TP4 nearly achieved, the bullish momentum suggests further upside potential. Traders should closely monitor the price action near TP4 for possible profit-taking or further extension. Namaste!
NSE:SONATSOFTWLong
by ProfitsNinja
Sonata Software Ltd. (NSE: SONATSOFTW)The daily chart of Sonata Software shows a notable consolidation phase after a strong uptrend earlier this year, which peaked around ₹837. The stock has been trading within a descending triangle pattern, a sign of ongoing consolidation with potential for a breakout in either direction. Here’s a closer look at key levels and technical indicators: 1.Fibonacci Retracement Levels: The stock has retraced to key Fibonacci levels, finding temporary support near the 0.236 level around ₹563 and facing resistance near the 0.382 level around ₹615. These levels are crucial as the stock approaches a breakout or breakdown point. 2.Trendline Analysis: Two converging trendlines form a descending triangle, indicating potential price compression. A breakout above the upper trendline or a breakdown below the lower trendline could signal the next trend direction. Traders should watch for a breakout above ₹615-₹620 or a breakdown below ₹563. 3.Volume and Momentum: Volume has been gradually decreasing during this consolidation, which typically precedes a breakout. If there’s a spike in volume with a breakout, it could confirm the direction. The RSI (Relative Strength Index) is around 47, showing neutral momentum but with room for movement in either direction. A rise above 50 could indicate bullish momentum. 3.Key Support and Resistance: Support: Major support is around ₹563 (0.236 Fibonacci level) and ₹479 (100% retracement). Resistance: Immediate resistance stands at ₹615, with stronger resistance around ₹658 (0.5 Fibonacci level) and ₹700. Outlook: Given the current pattern, Sonata Software is approaching a decisive moment. A breakout above ₹615-₹620 with strong volume could push the stock towards ₹658 and beyond. Conversely, a breakdown below ₹563 might lead to further downside. Note: Keep an eye on broader market conditions as well, as they can influence breakout strength and follow-through.
NSE:SONATSOFTW
by AngshumanSaikia
Detailed Technical Analysis of Sonata Software (SONATSOFTW) The chart represents Sonata Software Ltd. (NSE: SONATSOFTW), plotted on a 2-hour timeframe with Fibonacci retracement levels. Let’s break down and analyze the various elements of the chart to extract meaningful insights into the current and potential future price action. 1. Chart Overview Timeframe: 2-hour Ticker: SONATSOFTW Current Price: ₹607.35 (as of the latest candle) Volume: The volume bars at the bottom show significant trading spikes at various points, especially in July and late August. 2. Fibonacci Retracement Levels Fibonacci retracement is a powerful tool used by technical analysts to identify potential reversal levels in an ongoing trend. The Fibonacci levels plotted on this chart use the range from the swing low in June to the swing high around mid-August. The key Fibonacci levels are: 23.6% – ₹682.00 (Resistance) 38.2% – ₹640.00 (Resistance) 50.0% – ₹607.35 (Current Price, at a significant level) 61.8% – ₹565.00 (Support) 78.6% – ₹520.00 (Deeper Support) 3. Trend Overview Uptrend from June to August: The stock saw a clear uptrend starting in early June, peaking around ₹720 in mid-August. This uptrend was characterized by strong price action with consistent higher highs and higher lows. Correction Phase from August Onwards: After peaking in August, the stock entered a correction phase. This is where Fibonacci retracement becomes particularly useful, as it helps identify support and resistance levels where the price may find buying or selling pressure. 4. Fibonacci Levels Analysis 23.6% Level (₹682.00): The price briefly broke above the 23.6% Fibonacci level in early August but quickly reversed. This suggests that the ₹682 level is acting as a strong resistance point. Until this level is convincingly broken, further upside may be limited. 38.2% Level (₹640.00): This level also acted as a significant resistance in September, where the price attempted to rally but got rejected multiple times. The stock consolidated between ₹565 and ₹640, but each attempt to break through ₹640 has failed so far. 50.0% Level (₹607.35): This is a key psychological and technical level where the price is currently hovering. Fibonacci’s 50% retracement level often serves as a crucial zone, where the market decides its next direction. The price has tested this level several times, indicating indecision among traders. If the stock can maintain this level and reverse upward, it could challenge the upper Fibonacci levels once again. However, a failure to hold the ₹607 mark could lead to further downside. 61.8% Level (₹565.00): The 61.8% Fibonacci retracement level is often considered the "golden ratio" and tends to act as a strong support zone. If the stock falls to ₹565, buyers could potentially step in heavily, especially considering the stock bounced from this level previously in late September and early October. 78.6% Level (₹520.00): If the price falls below ₹565, the next crucial support lies around ₹520. A break below this level would signal a deeper retracement, potentially shifting the long-term trend to bearish. 5. Volume Analysis The volume bars indicate several key moments of increased trading activity. Large spikes in volume tend to coincide with significant price moves: July: The price moved upwards with increased volume, confirming the uptrend. Late August: Significant selling pressure was evident as the price sharply dropped from its highs, with a corresponding spike in volume. September: The stock saw multiple attempts to rally, but each was met with selling pressure, accompanied by a moderate increase in volume. The current volume trend shows a slight decrease in activity, indicating potential consolidation. If a breakout or breakdown occurs, watch for volume confirmation, as that will help validate the direction of the move. 6. Support and Resistance Zones Based on the Fibonacci levels and price action, we can clearly define the following support and resistance zones: Resistance: ₹682 (23.6% Fib), ₹640 (38.2% Fib) Support: ₹607 (50% Fib), ₹565 (61.8% Fib), ₹520 (78.6% Fib) A breakout above ₹640 and ₹682 could trigger a new uptrend, while a breakdown below ₹565 would indicate more downside risk. 7. Technical Outlook and Conclusion The stock of Sonata Software is currently in a corrective phase after a strong uptrend from June to August. At present, it is trading near the 50% Fibonacci retracement level, which is a crucial area for bulls and bears to decide the next direction. Bullish Scenario: If the stock can hold the ₹607 level and start moving upwards, we could see the price challenge the ₹640 and ₹682 resistance zones. A close above ₹682 would likely signal a renewed uptrend, potentially taking the stock to new highs around ₹720. Bearish Scenario: If the stock breaks below ₹607, the next key support lies at ₹565 (61.8% Fib). A failure to hold this level could lead to further downside, with ₹520 as the next target. If this deeper support fails, the trend may shift towards bearish, leading to a longer correction. Overall, the current price action suggests indecision in the market, and traders should watch the upcoming price movements carefully. Volume spikes will provide further clues about the strength of any breakout or breakdown. 8. Recommendations For Bulls: Watch for a strong move above ₹640 and ₹682 with accompanying volume for a potential long position. For Bears: A break below ₹565 could signal an opportunity for short positions, with ₹520 as the next target. In conclusion , Sonata Software Ltd. is at a critical juncture, and the market is looking for direction. Traders should closely monitor the Fibonacci levels and volume to determine the next major move.
NSE:SONATSOFTW
by stocktechbot
SONATA SOFTWARE LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SONATSOFTW
by zenthosh