2026-05-04 09:25:01 am | Source: Religare Broking Ltd
Stock of the day : Sona Blw Precision Forgings Ltd by Target Rs. 365 - Religare Broking Ltd
Sona Blw Precision Forgings Ltd
* SONACOMS exhibits a robust bullish structure, marked by a flag breakout indicating transition from consolidation to expansion.
* Price action remains firmly above key short- to medium-term moving averages, supported by improving volume participation.
* The formation of successive higher highs and higher lows reinforces trend strength, while shallow pullbacks highlight strong demand.
* The prevailing setup favors a continuation of upward momentum, encouraging alignment with the positive trend bias.
Buy Sona Blw Precision Forgings Ltd CMP 607.25 Range 604-608 SL 585 Target 646
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