Sonata Software Share Price Analysis: Repeated High-Volume Buyin
A closer look at Sonata Software's daily volume profile reveals a consistent pattern of high-volume accumulation over the past few months. Each major price advance has been accompanied by a sharp spike in trading volumes, indicating that institutional participants are actively accumulating the stock rather than retail-driven momentum.
The first significant volume expansion emerged near the April lows, marking the end of the prolonged downtrend and triggering a strong recovery. Since then, every breakout from the ₹255–260 support zone has been supported by above-average volumes, reinforcing this level as a key demand area.
More importantly, the recent rally towards the ₹300 resistance has again been backed by one of the highest volume spikes seen in recent months. Unlike isolated volume surges, Sonata has now recorded multiple high-volume sessions within a relatively short period, suggesting sustained institutional participation instead of one-off speculative buying.
While the stock is currently facing resistance around ₹296–302, the volume behaviour remains constructive. Healthy consolidations after high-volume advances typically indicate that strong hands are absorbing supply rather than exiting positions. As long as prices continue to hold above the ₹290–296 support zone with volumes contracting during pullbacks, the broader bullish structure remains intact.
Overall, the repeated appearance of expanding volumes on up-moves and relatively muted volumes during corrections reflects a classic accumulation pattern. A decisive breakout above ₹302 supported by another volume expansion would significantly improve the probability of the stock extending its medium-term uptrend. 
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Infosys Ltd. (INFY) – Technical View: SELLInfosys is currently trading at CMP ₹1656. The recent up move appears corrective in nature, as the price advance has unfolded in three waves without a clear impulsive structure. This supports the view that the rally is part of a counter-trend move rather than the start of a fresh uptrend.
From a Fibonacci perspective, the price retraced up to the 61.8% retracement zone near ₹1728, which coincided with descending trendline resistance and the Open–High area, creating a strong confluence resistance zone. The broader wave structure suggests that an ABC corrective pattern (zig-zag) has completed, increasing the probability of trend resumption on the downside.
Additionally, price equality projection stands near ₹1120, which aligns as a potential medium-term downside objective if the decline resumes. From a Fibonacci perspective, minimum target of ₹1300 is expected which is 61.8% of Wave A. Given the corrective nature of the prior rise, a similar magnitude down-move is now expected.
View remains negative below ₹1,730, which serves as a negation level for the bearish setup. Short 
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INFY 1H Chart Analysis (Bullish Bat + Falling Wedge)NSE:INFY
INFY 1H Chart Analysis (Bullish Bat + Falling Wedge)
In this 1-hour chart of Infosys Ltd (NSE: INFY), a Bullish Bat Harmonic Pattern has completed at point D, suggesting a potential reversal zone. Additionally, a falling wedge formation adds to the bullish confluence.
1. Pattern Structure:
The chart displays a complete Bullish Bat Pattern (X-A-B-C-D).
Point D aligns with the PRZ (Potential Reversal Zone), with a CD leg extending \~1.618 of BC, supporting a bullish reversal.
2. Falling Wedge Pattern;
A falling wedge, generally a bullish pattern, has formed from point C to D.
A breakout above the wedge trendline may confirm a bullish move.
3. Price Action:
The price is testing the upper boundary of the wedge.
Buying interest is visible at the P,R,Z near ₹1,540–₹1,545.
Trade Plan:
Buy Entry: Above ₹1,555 (confirmation breakout above wedge)
Stop Loss: Below ₹1,538 (beneath point D and wedge support)
Target 1: ₹1,568 (previous resistance)
Target 2: ₹1,611 (mid-term resistance)
Target 3: ₹1,631 (major swing high)
A strong bullish confluence exists with the harmonic pattern and falling wedge. Wait for confirmation above ₹1,555 before entering. Maintain proper risk-reward with a stop below ₹1,538.
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