SONACOMS - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.6

Here’s a detailed technical breakdown of Sona BLW Precision Forgings Ltd. (SONACOMS)

📊 Trend Overview

Current Trend: Bearish with Weak Momentum

Price is trading below both 50-DMA (₹484) and 200-DMA (₹534) — confirms short-term and long-term weakness.

RSI (46.8) — neutral zone, but leaning bearish.

MACD (-3.25) — negative, indicating downward momentum.

Volume: Significantly below 1-week average — suggests fading interest and weak conviction.

📈 Chart Patterns & Indicators

Moving Averages

Price < 50-DMA and 200-DMA → bearish structure.

No bullish crossover in sight.

Bollinger Bands

Price near lower band — oversold zone, but no breakout signal.

Support Levels

₹455 – ₹460 (recent base zone)

₹430 – ₹440 (trendline support)

₹380 (52-week low)

Resistance Levels

₹484 (50-DMA)

₹500 – ₹515 (swing highs)

₹534 (200-DMA)

🔍 Momentum Signals

Short-Term Bias: Bearish to Neutral

RSI below 50 and MACD negative — weak momentum.

No bullish divergence or reversal pattern visible.

Stochastic & Oscillators: Mixed — oversold signals emerging, but no confirmation yet.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹455 – ₹470 Near support, oversold indicators

Exit Target ₹484 – ₹515 Resistance at moving averages

Stop Loss ₹440 Below key support and trendline

🧠 Summary

SONACOMS is in a downtrend with signs of consolidation, but technical indicators suggest weak momentum and cautious sentiment. A tactical bounce from ₹455–₹470 may offer short-term opportunity, though upside is capped unless price breaks above ₹515 with volume confirmation. Traders should wait for reversal signals before taking aggressive positions.

Want to compare SONACOMS with other auto component stocks showing stronger setups or explore sector-wide trends? I’ve got plenty of insights to share.

Edit in a page