Sonata Software’s shares have surged recently, gaining 11.48% in the past three sessions, but faced profit booking on Wednesday. Technical analysts suggest the stock is approaching resistance around Rs 475, with potential upside if it breaks through. While short-term momentum looks positive, broader trend indicators remain cautious, advising investors to monitor key support and resistance levels for directional cues.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets