SONACOMS trade ideas
SONACOMS - Long Above 700SONACOMS - Can go Long above 700
Price near to 700 after 2 years with good volumes and with inverted cup and handle formation in Weekly time frame
On Daily - Inverted head and shoulders pattern for long above 700.
Bullish Engulfing candle in Daily chart near resistance zone.
Stoploss - Mentioned in the Chart.
Target - TP1 and TP2 mentioned in the Chart.
SONACOMSwe are looking SONACOMS in bullish move.
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Swing Trade - SONACOMS📊 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 your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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SONACOMS go Long ifit 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):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.
SONA BLW PRECISION - SONACOMS - IMPORTANT LEVELSSonacoms 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 is for educational view only.
Please do your own analysis and share your views.
On weekly a nice cup-with-handle pattern breakoutAs 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.