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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 2024-08-28 View latest technical analysis

10 day averaged volume of Sonata Software is 881851

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	624.50	632.65	645.00	620.50	1.268 times
27 Tue Aug 2024	629.75	625.00	632.00	619.85	0.467 times
26 Mon Aug 2024	620.50	621.05	632.40	618.40	1.344 times
23 Fri Aug 2024	618.40	630.00	631.20	615.00	1.196 times
22 Thu Aug 2024	626.55	618.75	631.70	617.70	0.564 times
21 Wed Aug 2024	614.60	625.00	625.90	611.60	1.075 times
20 Tue Aug 2024	621.65	635.00	639.20	616.30	0.892 times
19 Mon Aug 2024	628.20	627.00	644.00	624.30	1.217 times
16 Fri Aug 2024	615.65	614.90	621.95	608.50	0.91 times
14 Wed Aug 2024	603.05	590.50	609.95	587.00	1.337 times

My analysis of stock is bearish for shortterm, and stock might move down till 598.4 or till 561.3. Use a stoploss of 629.24 and if the stock hits stoploss, then it can shoot up till 660.11

Share price targets for Sonata Software (SONATSOFTW)

Target Type	Value
Downside Target	469.60
Downside Target	496.50
Downside Target	579.35
Downside Target	592.35
Downside Target	611.60
Upside Target	635.90
Upside Target	656.55
Upside Target	664.20
Upside Target	698.90
Upside Target	730.00
Upside Target	763.70
Upside Target	769.70

Intraday share price targets for Sonata Software (SONATSOFTW)

Target Type	Value
Downside Intraday Target	613.6
Downside Intraday Target	602.7
Upside Intraday Target	640.2
Upside Intraday Target	655.9
Upside Intraday Target	629.3

Weekly technical analysis of Sonata Software (SONATSOFTW)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	624.50	621.05	645.00	618.40	0.623 times
23 Fri Aug 2024	618.40	627.00	644.00	611.60	1.227 times
16 Fri Aug 2024	615.65	600.75	621.95	579.35	0.864 times
09 Fri Aug 2024	601.60	645.00	664.20	596.05	0.457 times
02 Fri Aug 2024	657.35	745.00	763.70	643.10	0.972 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
28 Wed Aug 2024	624.50	730.00	730.00	579.35	0.587 times
31 Wed Jul 2024	736.85	595.00	763.70	592.35	1.829 times
28 Fri Jun 2024	592.45	534.80	635.90	469.60	0.651 times
31 Fri May 2024	515.25	698.90	698.90	496.50	2.251 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sonata Software stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sonata Software in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sonata Software Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Sonata Software in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 619.2 and Sonata Software (SONATSOFTW) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.