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SONATA SOFTWARE LTD
Long

SWING IDEA - SONATSOFTW

By thepranam
Updated
SONATSOFTW is currently about to have a MACD crossover in the weekly charts. While it took a massive drop after the last Earning report, it has been slowly, yet steadily trying to go back up again to the same levels.
We can expect the stock to start going upward once the MACD has made a successful crossover.
Try and take entries only after the MACD completes its crossover or based on your Risk Appetite & Management.
Trade active
Note
Close to 19% Profits done so far. We are so close to our target in just a couple of days. MACD has just made a significant crossover as well. Things could go up faster from here in the coming days.

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Note
Just 10 points short of our target levels.
Note
Positive News: Sonata Europe, a subsidiary of Sonata Software, completed its merger with GAPbuster UK and GAPbuster Europe, according to an Indian bourse filing on Thursday
Note
Just 3 points more for our Target.

snapshot
Note
So close again. Just 2 points short from our Target. Safe Traders can exit here if they want.

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Trade closed: target reached
Trade Completed. Target Achieved.
Total 21% Profits booked.
Time Taken = 4 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

Follow for more such Ideas!
Comment any Stock that you want me to take a look into and share insights.

Kudos!!

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Trade active
Stock has given a 2nd Entry again into this trade.
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Trade closed manually
2nd Entry gave maximum of 12% Profits. Momentum seems to be shifting downwards. Do not enter again until new setup is posted. Congrats to those to took the 2nd Trade for the 2nd time. Trade is closed now.
bullishpatternbuyopportunityChart PatternsmacdcrossoverMoving AveragestechincalanalysisTrend Analysis
thepranam

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