Sonata Stock Great Volume With Hammer CandleGreat Volume with Hammer Candle on Weekly Chart. We can Expect 7-9% move in this stock
*Entry Near High of Hammer Candle
*SL should be low of the Hammer Candle
*TG minimum 5%
We can see a long move rapidly from here.May be it can give a massive return in a short period of time which could be unexpected.Let see.
This information is for education purpose only.Please do your own research before action in any trade or investment.
SONATSOFTW trade ideas
2 Trendlines + Resistance breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Sonata Software - Techno-Funda PickSonata Software is trying to outperform the market, with a positive Relative Strength against Nifty. It seems like the outperformance has just started. With IT in the buzz, the company has got decent fundamentals and checklists with almost all the criteria for becoming a multi-bagger.
Sonata Software my techno-funda investment pick for this week!
High Tension Lines In 1 WTF//SONATSOFT*High-Tension lines alert!
*First Target is 10% just above UPPER TREND LINE as of now.
*Look for bullishness and volumes if it breaks the UPPER TREND LINE in future.
*SL should be put below the support of H-T Lines.
*If EMA's(20&50) are broken with high volumes up-side then continue holding the stock.
Sonata Software ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish , so take positions carefully.
Sonata - Shona Baby - Chalo ATH ke PaarSonata Software - After breaking a 2 year high on weekly, it did not sustain in October. Now the weekly has sustained and is ready for kissing the ATH. Note how the previous attempt did not have Monthly RSI support, but this time Monthly RSI is above 60.
DISC: Not a SEBI Registered. I post charts for my own study.