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
SONATSOFTW …. Posted solid set of numbers, revenue rises 76%. The stock is under 14 months long consolidation period and possibly this time a breakout above 360 can give 15 to 18% more upside.
Price has been in a major trading-range aka re-accumulation (that is the hypothesis) in this case. Volume signature is supportive of accumulation. Let's wait and watch this one.
I am long in this stock at 333. Looks like it will make a new 52week high