Sona BLW Precision Forgings (Sona Comstar) – Breakout Retest Don

🚗 Sona BLW Precision Forgings (Sona Comstar) – Breakout Retest Done
📊 CMP: ₹602
🛑 SL: ₹550
🎯 Targets: ₹718 | ₹768
Sona Comstar has formed a small Rounding Bottom pattern and successfully broke out above ₹559. The stock has now completed its retest of the breakout zone, indicating strength and improving the probability of a fresh upmove.
The current setup suggests the potential start of a new rally, with the stock attempting to complete a larger Rounding Bottom formation near ₹768.
✅ Rounding Bottom Breakout
✅ Successful Retest Completed
✅ Strong Positional Setup
✅ Potential Large Rounding Bottom Target: ₹768
⚠️ Be cautious in volatile markets. Maintain strict stop loss discipline, control position sizing, and avoid overexposure.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views—just sharing my analysis for educational and informational purposes.
📉 Disclaimer:
Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
📊 CMP: ₹602
🛑 SL: ₹550
🎯 Targets: ₹718 | ₹768
Sona Comstar has formed a small Rounding Bottom pattern and successfully broke out above ₹559. The stock has now completed its retest of the breakout zone, indicating strength and improving the probability of a fresh upmove.
The current setup suggests the potential start of a new rally, with the stock attempting to complete a larger Rounding Bottom formation near ₹768.
✅ Rounding Bottom Breakout
✅ Successful Retest Completed
✅ Strong Positional Setup
✅ Potential Large Rounding Bottom Target: ₹768
⚠️ Be cautious in volatile markets. Maintain strict stop loss discipline, control position sizing, and avoid overexposure.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views—just sharing my analysis for educational and informational purposes.
📉 Disclaimer:
Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
Trade fechado: objetivo atingido
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.