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(SONATSOFTW) Sonata Software complete technical analysis [charts+indicators] | Buy/Sell Sonata Software | (SONATSOFTW) share price targets

Complete technical analysis of Sonata Software (SONATSOFTW) by charts plus indicators, forecast predictions and share price targets for Sonata Software (SONATSOFTW)

Sonata Software trades in NSE in IT Consulting & Software sector.

Showing technical analysis as on 2024-04-09 View latest technical analysis

10 day averaged volume of Sonata Software is 723623

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	758.55	768.00	769.70	749.25	0.883 times
08 Mon Apr 2024	760.45	748.90	763.00	744.65	1.996 times
05 Fri Apr 2024	742.05	747.60	753.60	738.05	1.259 times
04 Thu Apr 2024	749.70	750.15	753.90	738.25	0.812 times
03 Wed Apr 2024	746.05	735.00	748.55	726.20	0.929 times
02 Tue Apr 2024	730.05	717.10	736.00	713.60	0.792 times
01 Mon Apr 2024	716.15	722.00	729.50	711.50	1.547 times
28 Thu Mar 2024	722.35	750.00	750.10	720.00	0.612 times
27 Wed Mar 2024	743.20	751.50	752.00	736.30	0.271 times
26 Tue Mar 2024	747.60	738.00	750.40	729.10	0.463 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 758.1, but if it comes below 758.1, then a intra day sell could be more profitable.
If you take a sell trade below 758.1, then use 758.1 as stoploss and 743.44 as target. However if you take a buy trade in stock , then use 758.1 as stoploss and 775.7 as target.

Share price targets for Sonata Software (SONATSOFTW)

Target Type	Value
Downside Target	694.55
Downside Target	744.65
Downside Target	753.90
Upside Target	763.00
Upside Target	769.70
Upside Target	779.50
Upside Target	793.45
Upside Target	840.00
Upside Target	870.00
Upside Target	1485.00

Intraday share price targets for Sonata Software (SONATSOFTW)

Target Type	Value
Downside Intraday Target	745.57
Downside Intraday Target	732.58
Upside Intraday Target	770.62
Upside Intraday Target	782.68
Downside Intraday Target	757.63

Weekly technical analysis of Sonata Software (SONATSOFTW)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	758.55	748.90	769.70	744.65	0.539 times
05 Fri Apr 2024	742.05	722.00	753.90	711.50	3.965 times
28 Thu Mar 2024	722.35	738.00	752.00	720.00	0.289 times
22 Fri Mar 2024	742.55	731.50	763.00	722.00	1.023 times
15 Fri Mar 2024	731.50	793.00	793.45	704.05	1.641 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sonata Software (SONATSOFTW)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	758.55	722.00	769.70	711.50	0.592 times
28 Thu Mar 2024	722.35	815.00	840.00	704.05	0.786 times
29 Thu Feb 2024	810.95	769.90	870.00	710.50	0.903 times
31 Wed Jan 2024	768.00	736.00	779.50	694.55	0.717 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sonata Software (SONATSOFTW)

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Sonata Software stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sonata Software in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sonata Software Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sonata Software in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sonata Software is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 742.31 and Sonata Software (SONATSOFTW) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sonata Software (SONATSOFTW) stock. Volume based technical analysis of Sonata Software (SONATSOFTW) stock is negative.

Sonata Software Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.