Technology
22h ago
SONACOMS for NSE:SONACOMS by RShivashankar
SONA BLW PRECISION FORGINGS (NSE: SONACOMS) | Weekly | Multi-Year Breakout Watch, Measured Move to ~1,298 Setup Sona BLW has traded in a wide base for years, between a floor near 382.70 (the 2025 low) and a ceiling near 840.60. That ceiling is the late-2021 high zone, and price has been pressing against it for several weeks. After a strong run from the 2025 low, price is at 873.60 and has pushed above 840.60. The last few weeks of tight consolidation just under resistance now look like a coil before the breakout. Measured move Base height: 382.70 to 840.60, about 458 points Projected from the breakout level: 840.60 + ~458 = ~1,298 (call it ~1,300) Distance: about +49% from the current 873.60, or about +54% from the breakout level Condition: weekly close This is not confirmed until a weekly close above 840.60. Price has tested this zone before, so a close matters more than an intraday poke. Levels Breakout / support flip: 840.60 Target (top of measured move): ~1,298 Invalidation: a weekly close back below 840.60 means a failed breakout Major base support: 382.70 What to watch A weekly close above 840.60, ideally in the upper half of the candle A retest of 840.60 as support before continuation Volume expansion on the breakout week to confirm participation Years of base-building can support a big measured move, but only if the weekly close confirms. Wait for the close, not the wick. Educational analysis only, not investment advice. Please do your own research and manage your risk. #SONACOMS #NSE #Breakout #MeasuredMove #SwingTrading