SONACOMS trade ideas
Sonacoms looking bullishSONACOMS
Fabulous result
Stock ready to reach 480/490/520
in no time
Discard the view below a close on daily under 430
A trend reversal pattern spotted
We can see reversal anytime in SONA BLW as stock has down 50%Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors,
Market Cap
₹ 23,863 Cr.
Current Price
₹ 408
High / Low
₹ 707 / 397
Stock P/E
68.3
Book Value
₹ 35.4
Dividend Yield
0.38 %
ROCE
21.5 %
ROE
20.6 %
Face Value
₹ 10.0
Debt
₹ 251 Cr.
EPS
₹ 5.98
PEG Ratio
1.36
Promoter holding
53.5 %
Intrinsic Value
₹ 134
Pledged percentage
0.00 %
EVEBITDA
42.5
PROS:-
Company has reduced debt.
Company has delivered good profit growth of 50.2% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 255%
CONS:-
Stock is trading at 11.5 times its book value.
stock to bahut acha hai long term k lie mai bhi soch rha hun investment k lie isme,,,jaldi he entry lunga,,thoda aur niche milega to and yanha se average krna start krunga....
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SONACOMSCMP: 447
BO confirmation above 454. Strong supports around 425 and 400, would also work as SL. Stock is now above its 20 dema.
Fibonacci retracement targets are very attractive. May fire anytime.
T1: 500+ (short to medium term)
T2: 565+
T3: 610+ (medium to long term)
SonaComsTrendline BO failed yet again, levels of 425 should hold and work as SL too for fresh buying.
Currently trading below 20 & 50 dema.
This wedge breakout, if and when is worth the risk. Can fire anytime.
FIREWORKS awaiting.
SONA BLWSona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories.
closure above 473 on Daily chart will bring 500
Target 500 , 522 , 535 , 550 with SL @430
Market Cap
₹ 27,278 Cr.
Current Price
₹ 467
Stock P/E
78.1
Book Value
₹ 35.4
Dividend Yield
0.34 %
ROCE
21.5 %
ROE
20.6 %
Face Value
₹ 10.0
Promoter holding
53.6 %
EPS last year
₹ 6.05
EPS latest quarter
₹ 1.42
Debt
₹ 251 Cr.
Pledged percentage
0.00 %
Net CF
₹ 15.3 Cr.
Price to Cash Flow
69.0
Free Cash Flow
₹ 56.0 Cr.
Debt to equity
0.12
Volume
1,035,531
OPM last year
25.8 %
OPM 5Year
27.0 %
Reserves
₹ 1,481 Cr.
Price to book value
13.2
Int Coverage
32.5
PEG Ratio
1.55
Sona BLW Break-out InitiatedYearly Trendline Breakout initiated. RSI strengthening, Buy at CMP for T1: 520, T2: 580 and T3: 650.
SL: Closing below 425
Sona BLW near breakoutSona BLW is near breakout.
Entry: above trendline
Stop loss: if breakout fail
Target : As per your Risk & Reward
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁
Happy learning with Earning. Cheers!🥂
Sona Coms Bullish Side🎯
For Long term TARGET:-600 IN NEXT:-(5,6 MONTH)
I will keep a eye 👀 on it today 🤑
SONACOMS Trend AnalysisSona BLW is among the Top 10 Global Differential Bevel Gear Suppliers, Among the Top 10 Global Starter Motor Suppliers for PVs,
and the Largest manufacturer of differential gears for PVs, CVs & Tractors in India.
Sona Comstar has 8.7% market share in the global market in Battery Electric Vehicle (BEV) Differential Assembles,
5% in Differential Bevel Gear, and 3% market share in Starter Motor.
Company has 9 manufacturing and assembly facilities - 6 in India and 3 facilities in China, USA and Mexico.
Also, company has 8 warehouses across India, USA, Germany and Belgium.
Company has started a 7-year collaboration with IRP Nexus Group (Israel) on 30th September 2021 to develop,
manufacture and supply magnet-less drive motor and matching controller for 2-wheelers and 3-wheelers,
using a environment friendly approach that does not use rare earth elements.
Technically bearish trend will continue as there is a strong hidden bearish divergence in RSI.
Best levels to accumulate is around 410-430 for the following targets:
Short term swing target @ 580 (38% ROI with 4 R:R)
Medium term swing target @ 715 (70% ROI with 7.38 R:R)
Long term positional target @ 1175 (180% ROI with 18.88 R:R)
Stop loss @ 380
Strong fundamentals while PE is at steeper side as one can expect for fast growing companies.
Further fall in price with rise in EPS can keep the forward PE around 60.
Estimated capex for next three years is 900-1000 crores based on the order book.
Do your own due diligence before taking any action.
Peace!!
Sona Blw Precision ForgingStock Has Bottomed out gives a good bounce back
It is time for breakout
Buy above 484
Target 524
Stop Loss 454
sonacomstar on buying rangesona comstar is forming a bullish pattern
ADD buys on:-515-498
KEEP STRICT SL:- BELOW 480
ITS A GOOD COMPANY WITH BRIGHT FUTURE
THANK YOU!
SONA BLWSONA BLW formed Bullish Cypher pattern. Expected for a big up move.
Disc: Only for Learning Purpose & not a trading or buy recommendation.
Sona: golden opportunity?VCP formation, run when it crosses and sustains above 700. It will aim for ATH
Sona: Goldmine?This counter is inching slowly towards 700 once it crosses 700 and sustains, we may witness the boom, ATH and above.
Sona blw Sona blw flag pattern, ready to break out. let see what happen next. if volume comes then good for swing trading..
SONACOMS Breakout candidateSONA COMS - Pennant breakout accompanied by volume support
Maintain strict SL of 620 upon entry .
Sona blw pre. price chartIn this share below 626 bears activity zone upto 547, above 684 bulls can be active upto 712 ,798,885 ,short cum med term target @ 885 this is not final vedict on share price, due to some unforeseen events target could not be achieved also. one should keep in mind down side support @ 547.views are for education purpose.
Break down of long term trendline.There is a break down of long term trendline.
Possible for touching 600 levels.
If it touches 600 level it will be a good time entry again.
SONA COMS SONA COMS - Pattern completion
The mountain hill pattern seems to be completed today and the stock has bounced 6% today.
The stop loss here is minimal.
Just 600 & upside is huge.
Seems good to make positions here.
As discussed earliar entered in buying oppertunity levelSonacoms as entered into buying opportunity zone which is 590+ to 640 below. accumulate on every dip.
SONACOMSNSE:SONACOMS
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