Sona Blw Precision Forgings Ltd is Indian Based company listed on both NSE & BSE. [ National Stock Exchange & Bombay Stock Exchange].
Sona Blw Precision Forgings Ltd [ Sonacoms ] is one of the leading manufacturers of precision forged bevel gears and differential case assemblies for automotive industry and for various applications.
As you guys are aware that we don’t look fundamentals of a stock. We just predict / forecast the stock price based on its history and Technical Analysis.
But in this article we will try to cover details like PE ratio, market cap, companies products etc. So with out further ado, lets see the price prediction or Target of SONACOMS for the year 2024, 2025, 2027 & up to 2030.
Note : Price predictions won’t be true all the time. Stock market is a “Probability game”. Don’t blindly buy the stocks based on the Price forecast.
Updated on : January 31st 2024
SONACOMS Stock price Target 2024
![](https://knowaboutmarket.com/wp-content/uploads/2024/01/Sonacoms-ascending-channel-on-weekly-channel-1024x545.png)
On Weekly Time Frame stock has been in ascending channel and it hasn’t come out of it till date. Stock price is growing slowing by respecting the channel.
If we change the Time frame from weekly to Daily, then the chart pattern looks like the below image.
![](https://knowaboutmarket.com/wp-content/uploads/2024/01/sonacoms-share-price-target-2024-1024x524.png)
If you observe the above chart stock has given opportunity multiple times and as the channel pattern sonacoms target for 2024 would be around 700 Rs.
Updated on : January 20, 2024
SONACOMS Share Price Target [ Prediction based on Trendline Breakout ]
Predicting a stock price is not an easy task.
Here is the monthly chart of SONACOMS.
![Sonacoms share monthly chart](https://knowaboutmarket.com/wp-content/uploads/2024/01/sonacoms-share-price-monthly-chart-1024x524.png)
SONACOMS was listed on both NSE and BSE on June 24, 2021 with a issue price of 291 per share.
Let’s see the same on “Weekly Time Frame” for easy understanding.
![sonacoms share weekly chart](https://knowaboutmarket.com/wp-content/uploads/2024/01/sonacoms-share-weekly-chart-1024x526.png)
After Sonacoms was listed on stock market, its price has never seen any drawdown phase till December 2021. So the stock was in a bullish rally for almost 6 months. In this 6 months stock price has increase from 293 to 839 [ All time high price].
Thereafter stock has seen a decline till January 2023.
![](https://knowaboutmarket.com/wp-content/uploads/2024/01/sonacoms-trendline-on-weekly-chart-1024x520.png)
Look into the above image. You can see a downward line trendline on weekly time frame. Stock has formed lower lows and after 1.5 years it has broke the trendline.
![sonacoms entry price](https://knowaboutmarket.com/wp-content/uploads/2024/01/sonacoms-entry-price-rs-490-1024x538.png)
After the successful breakout of trendline , stock retraces back and took support on the trendline. Once the stock price breakout the latest swing and closes above the zone, that is the right entry point. As per the analysis Rs 490 is our entry price.
From here the stock has never seen a downtrend. You can invest in stocks based on this strategy. But before putting hard earned money in stock market, master this strategy [ or any other].
Leave a Reply