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
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
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.