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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 2024-11-12 View latest technical analysis

10 day averaged volume of Sonata Software is 341310

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	585.10	591.85	602.45	581.00	2.888 times
11 Mon Nov 2024	589.85	619.85	619.85	585.00	2.359 times
08 Fri Nov 2024	619.85	623.00	626.00	610.50	0.948 times
07 Thu Nov 2024	623.45	643.00	645.00	618.35	2.034 times
06 Wed Nov 2024	631.75	604.10	637.70	604.10	1.668 times
05 Tue Nov 2024	600.90	607.45	613.15	597.85	0.458 times
04 Mon Nov 2024	609.95	614.00	614.80	598.55	0.55 times
01 Fri Nov 2024	615.50	617.00	624.00	612.00	0.087 times
31 Thu Oct 2024	612.00	610.00	626.45	606.20	1.072 times
30 Wed Oct 2024	604.80	591.95	609.90	591.20	0.473 times

Stock of Sonata Software (SONATSOFTW) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 592.6, but if it comes above 592.6, then a intra day buy could be more profitable.
If you take a sell trade below 592.6, then use 592.6 as stoploss and 575.9 as target. However if you take a buy trade in stock , then use 592.6 as stoploss and 606.43 as target.

Share price targets for Sonata Software (SONATSOFTW)

Target Type	Value
Downside Target	570.30
Upside Target	615.95
Upside Target	625.10
Upside Target	626.45
Upside Target	633.80
Upside Target	637.30
Upside Target	645.00
Upside Target	697.20
Upside Target	730.00
Upside Target	763.70

Intraday share price targets for Sonata Software (SONATSOFTW)

Target Type	Value
Downside Intraday Target	570.78
Downside Intraday Target	556.47
Upside Intraday Target	609.63
Upside Intraday Target	634.17
Upside Intraday Target	595.32

Weekly technical analysis of Sonata Software (SONATSOFTW)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	585.10	619.85	619.85	581.00	0.927 times
08 Fri Nov 2024	619.85	614.00	645.00	597.85	2.138 times
01 Fri Nov 2024	615.50	585.85	626.45	579.20	0.513 times
25 Fri Oct 2024	583.00	611.85	615.95	576.50	0.604 times
18 Fri Oct 2024	605.30	611.05	633.80	591.10	0.482 times

Price has moved down 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
12 Tue Nov 2024	585.10	617.00	645.00	581.00	0.284 times
31 Thu Oct 2024	612.00	625.55	637.30	570.30	0.951 times
30 Mon Sep 2024	631.05	665.55	697.20	625.10	0.422 times
30 Fri Aug 2024	665.75	730.00	730.00	579.35	0.915 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sonata Software ( (SONATSOFTW) ) based on a mid to longer 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.

ADX buy sell signal for Sonata Software stock for short term is SELL. Signal strength is Weak and stock is gaining 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 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 SELL signal for Sonata Software in short term and SELL 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 605.97 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.