SONACOMSNSE:SONACOMS
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SONACOMS trade ideas
Accumulation zone for Sona Comstar InvestorsNSE:SONACOMS
note: this is not an idea for short term trading, but for long term investors.
The scrip seems to respect the yellow trendline since its IPO.
so one can use the yellow line to accumulate the shares whenever the scrip takes support on the line for longterm.
Channel pattern breakout?It appears as the stock broke out of the channel but see the big rejection of the last candle...long upper wick of the candlestick. So i would not take any position as yet. Volume is decent but the rejection is worrrisome. Let's wait and see what happens. The stock has been doing higher highs though. Cheers