techtrail
Long

Sonata Software: Another Wyckoff Re-accumulation Candidate

NSE:SONATSOFTW   SONATA SOFTWARE INR1
Price has been in a major trading-range aka re-accumulation (that is the hypothesis) in this case. Volume signature is supportive of accumulation. Let's wait and watch this one.
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techtrail PRO
2 months ago
The price still seems to be in the trading range or likely accumulation zone. Looks like a test of the lower end of the range is on the cards. What price does near the lower end will indicate if this zone is a accumulation or distribution. Looking at the volume signature, I still lean towards accumulation.
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