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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 2024-08-30 View latest technical analysis

10 day averaged volume of Sonata Software is 1795475

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	665.75	663.00	672.00	648.70	0.958 times
29 Thu Aug 2024	656.90	645.95	678.95	641.40	5.613 times
28 Wed Aug 2024	624.50	632.65	645.00	620.50	0.623 times
27 Tue Aug 2024	629.75	625.00	632.00	619.85	0.229 times
26 Mon Aug 2024	620.50	621.05	632.40	618.40	0.66 times
23 Fri Aug 2024	618.40	630.00	631.20	615.00	0.587 times
22 Thu Aug 2024	626.55	618.75	631.70	617.70	0.277 times
21 Wed Aug 2024	614.60	625.00	625.90	611.60	0.528 times
20 Tue Aug 2024	621.65	635.00	639.20	616.30	0.438 times
19 Mon Aug 2024	628.20	627.00	644.00	624.30	0.598 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 669.5, for a target of 645.4 or 625.32

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
Downside Target	635.90
Downside Target	664.20
Upside Target	678.95
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	629.78
Downside Intraday Target	593.82
Upside Intraday Target	690.33
Upside Intraday Target	714.92
Downside Intraday Target	654.37

Weekly technical analysis of Sonata Software (SONATSOFTW)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	665.75	621.05	678.95	618.40	3.328 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Sonata Software (SONATSOFTW)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	665.75	730.00	730.00	579.35	0.915 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 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 Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

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 but buying 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 644.73 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.