Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

NSE SONACOMS – Elliott Wave Analysis

Free nse sonacoms chart calls

Free nse sonacoms chart calls

Timeframe: Daily

NSE SONACOMS appears to have completed corrective wave (4) and initiated an upward move, suggesting the potential emergence of the final impulsive wave (5) after a recent price surge from 488.1. Notably, the stock is currently trading above both the 200-day and 100-day Exponential Moving Averages (EMA) and is also maintaining its position relative to the 20-day and 50-day EMAs. The Relative Strength Index (RSI) for the price has climbed to 51.18, indicating positive momentum, while the Average True Range (ATR) has decreased to 15.86.

For traders, it is advisable to exercise patience and wait for a pullback, as this will help assess the depth of the potential V-shaped recovery. If the price manages to break above the 565 level, traders can consider the following target levels for their trades: 580 – 605 – 628+.

Only premium subscribers will receive precise entry and exit points, as well as invalidation levels, at the exact time.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *