SONACOMS - 4th wave Triangle in play?CMP: 486
TF: Daily
After an impulse down-move from 768 (Sep-2024), price has been consolidating in sideways/triangle since April 2025.
This sideways consolidation appears to be a triangle (LH-HL contracting triangle) in structure, a typical nature of the 4th wave consolidation.
One could play the extremes (but at the lows and/or sell at the highs) or wait for this set up to resolve and play the 5th wave down (that will be parabolic/impulse in nature.
View negates if the price trades above 560
Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
Trade ideas
SONACOMS: Bullish Momentum ActivatedThis is the daily timeframe chart of SONACOMS.
The stock is trading within a well-defined upward channel, with the lower-boundary (LOP) support positioned near the 470–480 range. It is currently sustaining above this support zone.
If the stock continues to hold this level and the ongoing bullish momentum remains intact, SONACOMS may potentially move toward the channel resistance near the 600 level.
Thank you.
SONACOMS | Buy @LTP | SL below 470 | 1st Target 600
Disclaimer (Please Read Carefully):
This is not investment advice. The stocks shared here are purely for educational and informational purposes. Please do your own research or consult with a financial advisor before making any investment decisions.
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Stock market में सिर्फ risk ही risk होता है। Market में survive करने का एक ही तरीका है, stop loss को पूरी discipline के साथ accept करना। अपनी capital को protect करने का इससे बेहतर कोई तरीका नहीं है।
मैं जो भी stock यहाँ शेयर करता हूँ, वो या तो मेरी existing holding में होता है, या फिर मैं उसी level पर fresh buying या add on करता हूँ जिसे मैं mention करता हूँ।
मैं हमेशा buy करते समय अपने system में stop loss ज़रूर लगा देता हूँ, और मेरे लिए stop loss, target से भी ज़्यादा important होता है।
Target achieve होने के बाद मैं पहले profit book करता हूँ और फिर retest या fresh breakout का इंतज़ार करता हूँ।
मैं सिर्फ breakouts पर buy करता हूँ, कभी भी support पर नहीं। और मैं resistance पर sell भी नहीं करता।
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The stock market involves risk, risk, and only risk. To survive in the market, accepting stop-loss with discipline and without hesitation. There is no other way to protect you capital.
Any stock I share is either already part of my existing holding or I take a fresh entry at the same level I mention. I always place the stop-loss in my system at the time of buying, and I give the highest importance to stop-loss more than the target. Once the target is achieved, I usually book profit once and then wait for either a retest or a fresh breakout.
I buy only on breakouts, never on supports. I also do not sell at resistance levels.
That is simply my trading style.
SONACOMS
My View on the Chart SONACOMS
Entry Point: On retest of the green line
Stop Loss: Strictly at the red line
The price has broken out above a key resistance level, which may indicate a potential bullish trend continuation. In my view, a retest of the green line could offer a good entry opportunity. However, it is crucial to follow the stop loss strictly to manage risk effectively.
⚠️ Disclaimer:
I am not a SEBI-registered advisor. This post is for educational and informational purposes only and should not be considered as investment advice. Please consult a SEBI-registered financial advisor before making any investment decisions.
Sona BLW Precision Forgings Ltd for 15th Oct #SONACOMS Sona BLW Precision Forgings Ltd for 15th Oct #SONACOMS
Resistance 455 Watching above 455 for upside momentum.
Support area 448-450 Below 450 gnoring upside momentum for intraday
Watching below 447 for downside movement...
Above 455 gnoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
SONACOMS Technical Setup – Pattern Formation AlertSONACOMS – Falling Wedge Pattern Formation
Timeframe: Daily Chart
SONACOMS is forming a Falling Wedge pattern, which is a bullish reversal pattern in a bearish market phase.
The support zone is placed around ₹390–₹400 levels.
The resistance level is around ₹430.
A breakout above ₹430 may lead to pattern targets near ₹460 and ₹490.
If the support zone holds, we may witness higher prices in SONACOMS in the coming sessions.
Conclusion: Watch for a breakout confirmation for potential upside momentum.
Thank you !!
Sona BLWThe Board as and when they reconstitute should first do proper branding of the cokpany.
People are still confused about (SONA) Comstar / BLW / Steering.
The stock is trading at 46 times its ttm earnings.
Definitely high by all standards. Moreover the drama that is being played out would leave Ekta Kapoor to shame.
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.
Disclaimer:
Kind regards to all friends and members ,
Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
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.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂






















