Data Patterns (India) Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Price forming ABCD Pattern on weekly chart
3. Narrowing Bollinger Bands and price on upper bollinger bands on weekly chart.
4. Price movement during last week with huge Eiffel tower size volume candle.
5. Major Support near 1850-1870 zone
Can be a good risk reward with buy on dips and dips only
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. Price forming ABCD Pattern on weekly chart
3. Narrowing Bollinger Bands and price on upper bollinger bands on weekly chart.
4. Price movement during last week with huge Eiffel tower size volume candle.
5. Major Support near 1850-1870 zone
Can be a good risk reward with buy on dips and dips only
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: target reached:
TARGETS MET AS STOCK MADE HIGH OF 3007 ON 10TH APRIL 2024