Sonata software Looks like a good setup to make a long position. Have taken entry at 796 with 5% Stop loss. Breakout retest was not that panicking. hence, looks good to me.
Sonata software has successfully given a breakout on 1HR timeframe. We can expect a continuation after a hourly red candle and entry above current high.
it sector given breakout... now earning season and major IT companies like Infy,Tcs,Wipro and Hcltech announced good results so it will be in focus ' Mid cap It compant Sonata software is in bullish trend price near 52 week high formed Bullish Flag Pattern
Sonata software view Coming days expecting an upside movement in sonata software if sustain ATH...
Sonata software 61.8 % retracement after breakout. Pull back with rsi hidden positive divergence along with volumes. Avwap squueze.
A long can be taken once day high broken. SL once TL broken.
Sonata software currently trading near its resistance zone and can give breakout if sustains 1068 in coming days besides this the sentiments are very positive in IT sector nowadays
Please 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 was on breakout today morning & entered at 738 with new morning high & its about to make a new Life Time (ATH) as per monthly TF.
Buy above:- 845 Stop loss :- 737 Target :- 950 Time:- 45 Trading days Indian information technology & services business intelligence & analytics social media, testing.
Reason for long a) Mr.14 Set up b) Pull back set up c) Good engulging set up SL compulsory
Reason for long a) Consolidation breakout possibility b) IT stocks may zoom now for next week c) vwap support SL compulsory
Great 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...
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%
Please 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 Feb Sonata Software breakout expectation above 644/645 Please follow strict risk reward and stop loss Thanks, V Trade Point
Sonata 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!
The rectangle chart pattern is broken and the price is holding above the last resistance levels