- top down analysis trade, based on strength of IT index
SONATSOFTW 1 rising wedge pattern movement 2. wait future target 3,.SONATSOFTW bullish trend but testing processs stock
Sonata Software declared strong Q1 FY22 results today. Expecting strong channel breakout tomorrow for secular uptrend.
#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.
CMP-502 STOP LOSS-407 TARGTE-532/650/750/900
Sonata 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.
Support at 319, 300 target- 361, 375 and 399
tgt may be 370/378 Sl 342 Disclaimer: Ideas for learning Only.
Stock is showing strong momentum. Wave 3 might extend or it may not but still one can accumulate with SL of 290
Sonata Software CMP 336 Disp till 320 ..Upside 345/350/355..Support 315
SONATA 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.
About to cross TK line followed by ichimoku cloud break out
Sonata software is in high momentum it show more upside,10-20 rs see in short period