ParamjitMahapatro
Long

Datamatics looks bullish in medium term.

NSE:DATAMATICS   DATAMATICS GLOBAL
126 0 9
in weekly chart, price bounced from horizontal support, trend line support. Also hidden bullish divergence found here.

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

Comment: price came again to the support zone.
Trade active: price bounced from support zone, closed at 105.80
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.
Comment: double bottom breakout with good volume
now retesting the breakout level pattern tgt is at 150

Comment: cmp - 146.45 double bottom tgt almost done here,
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

EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out