SONATA Soft | Long term Bullish | Wait!
Long Term Bullish structure, but the present price has bad Risk/Reward ratio
Overheated short term and medium term price action
Wait for a pullback till 700 to accumulate
3 Yr CAGR = 45%
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 view for today 9th FebSonata software view for today 9th Feb
Sonata Software breakout expectation above 644/645
Please follow strict risk reward and stop loss
Thanks,
V Trade Point
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!
sonata software neutralStock is in a bear flag upward move.
The invalidation zone is marked.
Need to remain careful while trading this stock.
Monthly, weekly and daily all are in uptrend. better to trade between the channel lines
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.
SONATSOFTW bullish trend but testing processs stock SONATSOFTW
1 rising wedge pattern movement
2. wait future target
3,.SONATSOFTW bullish trend but testing processs stock
Sonata Software - Strong Quarterly PerformanceSonata Software declared strong Q1 FY22 results today. Expecting strong channel breakout tomorrow for secular uptrend.
#SONATA SOFTWARE#SONATA SOFTWARE
Seems like heading to BO channel soon.
One can add few qty @ 597.
Add more if sustain in between 620-625.
Upside momentum possible.
Target Open.
View negative below 548.
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.
Sonata SoftwareStock is showing strong momentum. Wave 3 might extend or it may not but still one can accumulate with SL of 290
SONATA look BearishSONATA looks bearish below 300 level. it closed 304 today, if it closes below 300 it can come down upto 280 level which also act as support trendline.
