ParamjitMahapatro
Long

Datamatics looks bullish in medium term.

NSE:DATAMATICS   DATAMATICS GLOBAL
136 views
9
136 0
in weekly chart, price bounced from horizontal support, trend line support. Also hidden bullish divergence found here.

At cmp - 111.85, tgt - 160.
Jul 11
Trade active: today its up by 7.3%
Jul 12
Trade active: till now 124.9
Jul 24
Trade active: in daily, price approaching uptrend channel support.
Aug 07
Trade closed manually: channel support broken, and price is in short term downtrend.

Aug 18
Comment: price came again to the support zone.
Sep 09
Trade active: price bounced from support zone, closed at 105.80
Nov 26
Comment: price is showing strength after a long consolidation, now up trend is clear, and it is gaining momentum, In weekly, descending trend line broken here, few weeks back, recently big green candle formed and price closed above upper BB and upper BB is moving up.



Lesson learned : patience and conviction on own analysis is really important for wealth creation in stock market.
Dec 16
Comment: double bottom breakout with good volume
now retesting the breakout level pattern tgt is at 150

Dec 29
Comment: cmp - 146.45 double bottom tgt almost done here,
Jan 17
Comment: at cmp - 136.60, it has formed hidden bullish divergence in daily, also price took support at ascending lower BB, bounce back is likely

Comments

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