SONACOMS . Multi-Timeframe Breakout Setup | Big Move Incoming .
This stock is currently showing a strong multi-timeframe setup, combining short-term momentum with a broader swing opportunity.
On the short-term chart, price is moving in a rising structure and approaching a key resistance zone of 630–650. The trend is gradually shifting bullish, with higher lows forming — indicating accumulation. A breakout above this resistance can trigger fresh momentum.
Looking at the swing chart, the stock has already completed a corrective phase and is now attempting a breakout from a contraction pattern. If this breakout sustains, the pattern target comes around 770–800, making it a strong positional opportunity.
On the alternate short-term structure, price is again respecting an upward channel. The immediate resistance lies near 625–630, while the trend remains intact as long as higher lows are maintained.
Key Strategy:
Bias remains bullish
Best approach: Buy on dips
Immediate support: 500–510
Strong swing support: 470–480.
Conclusion:
As long as the stock holds its support zones, dips can be considered buying opportunities, with a potential upside move toward higher targets in the coming sessions .
On the short-term chart, price is moving in a rising structure and approaching a key resistance zone of 630–650. The trend is gradually shifting bullish, with higher lows forming — indicating accumulation. A breakout above this resistance can trigger fresh momentum.
Looking at the swing chart, the stock has already completed a corrective phase and is now attempting a breakout from a contraction pattern. If this breakout sustains, the pattern target comes around 770–800, making it a strong positional opportunity.
On the alternate short-term structure, price is again respecting an upward channel. The immediate resistance lies near 625–630, while the trend remains intact as long as higher lows are maintained.
Key Strategy:
Bias remains bullish
Best approach: Buy on dips
Immediate support: 500–510
Strong swing support: 470–480.
Conclusion:
As long as the stock holds its support zones, dips can be considered buying opportunities, with a potential upside move toward higher targets in the coming sessions .
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.