I see a good opportunity here. 1 year target could 1150. This stock could benefit from the entry of Tesla EV. As usual, Fibonacci levels are marked in chart.
📊 Script: SONACOMS
📊 Sector: Auto Ancillaries
📊 Industry: Auto Ancillaries
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of Crossover.
📈 Right now RSI is around 59.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 705
🟢 Target 🎯🏆 - 750
⚠️ Stoploss ☠️🚫 - 683
⚠️ Important: Always maintain...
Sona BLW is outperforming the market and is about to give a breakout.
The stock has consistently growing sales and public holding is continuously decreasing.
A right time to enter the stock for a long run up is now.
CMP - 691
SL : 600
Target : open
it crosses 563.40
entry price: 563.45
stop loss: 488.10 (13.3% loss if it hit stop loss)
target: 710.50, 710.85 (26% profit if it hits target)
NOT SEBI registered , do your own analysis before taking trade , this is a trade idea which i am going to follow , if anyone not capable of taking loss of 13.3% after hitting stop loss then please do not enter into it
SonaCom (Swing):
Sona is testing a major demand zone and well set for a 30-40 % up move.
Appropriate supply zone and target is also highlighted.
Keep adding between 560-585 with a SL around 530.
Trade offers a RR of more than 1:4.
Note: Do your own due diligence before taking any action.
Sonacoms is currently trading at 545.
It is currently trading above its daily weekly 200ema and shows rounding pattern.
Key levels for good upside movements.
Support zone - 528-536
resistance 580 - 689 respectively.
If support is respected and nifty shows strength we can expect a good upmove.
This is my personal view and not buy sell recommendation.
Analysis...
As a key player in EV and auto parts, it is worth to keep eye on #SONACOMS. Auto sector is doing good and last quatre was positive for SONACOMS. At least 815 is possible from here. Recent move is supported by volume. Entry can be done on daily pullback(a pullback is possible till 625. SL must be at 600.
💥Sona BLW Precision💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-640-644
Breakout Price-637
Stoploss-537
Targets-837-1043-2117
RT for max reach
#SONACOMS #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
Breakout happend in this stock.
Keep you risk reward ratio according to your own choice.
This is for educational purpose. Do your own research before investing.
According to my Favourite chart design monthly weekly rsi above 70 and relative strength also monthly and weekly, both strong momentum built already Keep on eye This stock, it will go up
this stock has come out of a cup and handle pattern and a triangle pattern with a build-up in volume a good target of 30% is possible and sl of around 10% this just for educational purpose
Clear breakout of resistance and trendline with good volume on weekly timeframe. Can keep track till friday and wait for weekly closing for double confirmation.
