SONACOMS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.3

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

📊 Trend Analysis

Current Trend: The stock is in a downtrend, having declined significantly from its 52-week high of ₹769 to the current level of ₹441. It’s trading below both 50 DMA and 200 DMA, indicating persistent bearish pressure.

Momentum: Weak. RSI at 47.2 and MACD at -5.04 confirm lack of bullish momentum and suggest continued consolidation or further downside.

📈 Moving Averages

50 DMA: ₹454

200 DMA: ₹508

Current Price: ₹441

Interpretation: Price is below both moving averages, reinforcing a bearish bias. A sustained move above ₹455–₹460 would be needed to signal a short-term reversal.

📉 MACD & RSI

MACD: Negative and declining, indicating bearish momentum.

RSI: Neutral at 47.2 — no overbought or oversold signal, but leaning bearish.

Conclusion: Momentum indicators suggest caution. No strong buy signal yet.

📊 Volume Trends

Current Volume: 18.3 lakh

1-Week Avg Volume: 19.6 lakh

Interpretation: Volume is slightly below average, indicating low conviction. Watch for volume spikes near support or resistance for directional clues.

📉 Bollinger Bands

Price is likely near the lower band, which may act as short-term support. A bounce from this level could indicate a reversal, but confirmation is needed.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 430 Near-term support zone

Support 2 380 52-week low, strong base

Resistance 1 455 50 DMA, immediate ceiling

Resistance 2 508 200 DMA, major resistance

Resistance 3 580–620 Previous consolidation zone

🎯 Entry & Exit Zones

Optimal Entry: ₹430–₹440 (on pullback with confirmation)

Exit Zone: ₹508–₹580 (partial profit booking), ₹620+ (final target if breakout sustains)

🔍 Summary

Trend: Downtrend with weak momentum

Momentum: Bearish

Bias: Cautious accumulation

Short-Term Strategy: Accumulate near ₹430–₹440 only if support holds. Avoid aggressive entries until price breaks above ₹455 with volume and MACD flattens.

Let me know if you'd like a visual chart setup or swing trade plan based on this!

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