“SONACOMS Stock Analysis: Ready for Breakout?”

 

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STOCK — SONACOMS

Positional View • Timeframe: 3–6 weeks

Quick Overview

SONACOMS has been in a broader downtrend but recent price action shows a short-term bounce from the ₹400 area. The chart indicates possible accumulation and a reversal attempt — trade with defined risk.

Current Price

₹432 (approx.)

Buy Zone

₹428 – ₹435

Trade Levels

Parameter	Level
Stop Loss	₹398 (below recent swing low)
Target 1	₹455 — partial booking
Target 2	₹475 — move stoploss up
Target 3	₹495–₹500 — positional major resistance
Timeframe	3–6 weeks

Bias: Mildly bullish above ₹428. Confirm breakout if price closes above ₹445–₹450 with good volume.

Chart (daily)

Reference chart snapshot — for visual confirmation place your own charting tool here.

Risk Management

• Risk only 1–2% of trading capital per positional trade.
• Use stoploss at ₹398 and move the stop to breakeven after Target 1 is reached.
• Consider scaling out: sell 30–50% at Target 1, next portion at Target 2.

Trade Notes

• Watch volume on any uptick — higher volume on green days confirms buying.
• If price closes below ₹400 on daily timeframe, invalidate the bullish view.

Key Support & Resistance

Support: ₹400–₹405

Support: ₹385

Resistance: ₹445

Resistance: ₹475

Disclaimer: This is a technical positional view for educational purposes only and not financial advice. Always do your own research and manage risk carefully.