SONATSOFTW - Technical Analysis

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

Technical Rating: 2.9

Here’s a detailed technical analysis of Sonata Software Ltd. (SONATSOFTW)

📊 Trend Overview

Current Trend: Bearish to Consolidating

Price is trading below both 50-DMA (₹415) and 200-DMA (₹466) — signals weakness.

RSI (40.0) — bearish zone, indicating lack of momentum.

MACD (1.20) — slightly positive, but not strong enough to confirm reversal.

Volume: Slightly above 1-week average — mild accumulation, but not convincing.

📈 Chart Patterns & Indicators

Moving Averages

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

No bullish crossover yet.

Bollinger Bands

Price near lower band — oversold territory, but no breakout.

Support Levels

₹400 – ₹408 (current base zone)

₹380 – ₹390 (trendline support)

₹286 (52-week low)

Resistance Levels

₹415 (50-DMA)

₹430 – ₹440 (recent swing highs)

₹466 (200-DMA)

🔍 Momentum Signals

Short-Term Bias: Bearish with mild recovery potential

RSI below 50 and MACD mildly positive — mixed signals.

No strong bullish divergence or reversal pattern yet.

Volume Trend: Slight uptick — early signs of interest, but not a breakout.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹400 – ₹408 Near support, potential bounce zone

Exit Target ₹430 – ₹440 Resistance at swing highs

Stop Loss ₹390 Below key support and trendline

🧠 Summary

SONATSOFTW is in a consolidation phase within a broader downtrend. Technical indicators suggest weak momentum, but mild accumulation hints at a possible short-term bounce. A tactical entry near ₹400–₹408 could be considered for a quick swing, though upside is capped unless price breaks above ₹440 with volume confirmation.

Want to explore how SONATSOFTW stacks up against other mid-cap IT stocks or dive into sector-wide sentiment shifts? I’ve got plenty of data to unpack.

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