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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 2024-03-18 View latest technical analysis

10 day averaged volume of Sonata Software is 532146

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	745.45	731.50	749.10	723.35	0.66 times
15 Fri Mar 2024	731.50	728.00	747.40	718.25	0.993 times
14 Thu Mar 2024	728.00	737.00	741.20	704.05	1.812 times
13 Wed Mar 2024	740.30	754.20	757.70	705.95	1.763 times
12 Tue Mar 2024	754.20	777.70	782.45	743.60	1.101 times
11 Mon Mar 2024	782.85	793.00	793.45	765.00	0.521 times
07 Thu Mar 2024	789.05	812.40	816.95	785.00	0.954 times
06 Wed Mar 2024	805.10	825.00	825.00	774.95	1.241 times
05 Tue Mar 2024	822.70	811.00	834.80	803.20	0.808 times
04 Mon Mar 2024	816.85	822.60	826.15	797.85	0.768 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 762, but if it comes above 762, then a intra day buy could be more profitable.
If you take a sell trade below 762, then use 762 as stoploss and 713.4 as target. However if you take a buy trade in stock , then use 762 as stoploss and 802.53 as target.

Share price targets for Sonata Software (SONATSOFTW)

Target Type	Value
Downside Target	694.55
Upside Target	749.10
Upside Target	774.95
Upside Target	834.80
Upside Target	840.00
Upside Target	865.65
Upside Target	870.00
Upside Target	1135.00
Upside Target	1408.95
Upside Target	1485.00

Intraday share price targets for Sonata Software (SONATSOFTW)

Target Type	Value
Downside Intraday Target	729.5
Downside Intraday Target	713.55
Upside Intraday Target	755.25
Upside Intraday Target	765.05
Downside Intraday Target	739.3

Weekly technical analysis of Sonata Software (SONATSOFTW)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	745.45	731.50	749.10	723.35	0.107 times
15 Fri Mar 2024	731.50	793.00	793.45	704.05	1.641 times
07 Thu Mar 2024	789.05	822.60	834.80	774.95	0.783 times
02 Sat Mar 2024	822.15	839.35	870.00	793.15	0.781 times
23 Fri Feb 2024	839.35	802.00	865.65	801.45	1.74 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
18 Mon Mar 2024	745.45	815.00	840.00	704.05	0.474 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
29 Fri Dec 2023	742.75	1392.00	1485.00	708.45	2.474 times

Scroll below to view daily charts

Price has moved down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Sonata Software in short term and the sell signal is strong.

Sonata Software Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sonata Software in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 764.98 and Sonata Software (SONATSOFTW) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.