Technical Analysis of Indian Equities by Nooresh

Sonata Software – Interesting Small Cap IT company



Technically the stock was facing a lot of resistance around 30 for last many months and with 3-4 attempts.

Today the stock has finally crossed above 30-31 band and seems headed to 35 in the short term and maybe even towards 45.

The dividend yield also is pretty interesting and a decent history too.



Disclosure: Recommended to clients at 29.

Article by Nooresh Merani

Nooresh has written 2801 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 1 comment… add one }
  • Saif October 11, 2013, 14:08

    Nooresh wat will b stop loss for sonata?


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.