Sonata Software Bullish Reversal Setup

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Sonata Software Bullish Reversal SetupSonata Software LimitedNSE:SONATSOFTWnandupkSharing a fresh daily chart setup for Sonata Software Limited (NSE:SONATSOFTW). The price has recently bounced from a strong support zone in the ₹327–₹344 range, showing early signs of buyer strength after a heavy correction. Volume at this level has increased, indicating accumulation activity. Trade Plan Entry Zone: ₹344–₹349 (demand area respected by recent candles) Stop Loss: ₹327 (below the accumulation zone) Primary Targets: ₹374 (short-term resistance), ₹421 (medium-term resistance) Chart Observations Price pulled back to a marked demand zone; bullish reversal candlestick formation noted. Favorable risk/reward setup with well-defined invalidation and distinct upside levels. Monitor for confirmation above ₹374; a close above this resistance could trigger further bullish momentum. Notes This setup uses technical support/resistance, volume spikes, and price action for disciplined trading. Strong risk management is recommended; trailing stops and profit-taking are important as price approaches resistance. Disclaimer This is an educational idea, not investment advice. Please research independently before taking positions.