Sonata Software Poised For Gains Over Next 5-6 Months: SEBI RA WealthFino Targets Up To ₹700

Investors should consider Sonata Software as a strong investment choice for the upcoming 5- to 6-month period, according to SEBI-registered analyst WealthFino.

The stock is currently trading at ₹405 while it has shown major buying activity within an accumulation zone ranging from ₹360 to ₹370.

At the time of writing, Sonata Software shares were trading at ₹407.00, up ₹5.75 or 1.43% on the day.

According to WealthFino, the stock exhibits a bullish pattern, marked by a breakout candle that led to strong follow-through trading near resistance levels.

The 9-week Exponential Moving Average (EMA), currently standing at ₹385, serves as an essential support point that maintains the stock’s ascending trend.

The analyst said the long-term descending trendline approaches the stock, acting as a dynamic resistance. 

According to WealthFino, the stock is poised for a trendline breakout which may trigger a new upward trend if it maintains prices above ₹420.

Additional technical indicators support the positive outlook: The last support test revealed a bullish divergence between price action and the Relative Strength Index (RSI), demonstrating hidden strength.

WealthFino advises investors to collect shares when prices fall between ₹360 and ₹370 to achieve maximum gains. 

The analyst projects incremental price targets of ₹547 and ₹620, followed by a long-term goal of ₹700.

WealthFino said investors should watch for a breakdown below ₹280, as it would lead to a deeper market correction that would negate the current bullish trends.

The stock has declined 32.8% so far in 2025.

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