Kavish

Sonata Software Stock trade in Falling Wedge and looks ready for Breakout. Price close at Breakout Level. Need Follow-up Breakout Candle for confirmation. MSI Line about to enter into Bullish Zone after giving entry Signal in MSI Setup.

Price rejected from trendline resistance near 11800 – 11900.

Clear lower highs forming – short term downtrend still intact.

Demand zone visible between 11200-11400, if this zone breaks, downside towards 10950, then 10300 possible.

Price below all EMAs (20/50/200), showing bearish pressure.

Trendline resistance intact – price couldn’t sustain…

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Another Breakout candidate testing this resistance for the 5th time, if it breaks successfully can give a good run up.

Breakout candidate testing this resistance for the 5th time, if it breaks successfully can give a good run up.

Technical Analysis:

* Formed a Round Bottom Pattern, indicating a bullish setup.

* Trading near a strong resistance zone around Rs.2090-2100

* 9 EMA stands at 2050 – stock trading above short term average

* Stochastic RSI is above 75, signaling an overbought zone

* A breakout above 2100 with volume may confirm further upside.

GMDC has shown bullish momentum with eight consecutive gaining sessions. The stock has broken a downward sloping trendline and sustained above it for three sessions, signaling a clear trend reversal. It is now trading above its 50, 100 and 200 DEMA, reinforcing bullish sentiment. The current price is near the 2025 high of 336.85.… Read more