NSE:DATAMATICS has given a clean breakout and a stop loss at 660 can be followed for this share. It should do well over the next few weeks. It went under a strong consolidation and is now on the up-move.
NSE:BOSCHLTD looks very good on monthly charts. Bosch is a bit complex because the ticket size is big and therefore, price movements can be erratic. So if the chart shows a clean breakout above current levels (20,700) one can go long while maintaining the current level as stop loss.
L&T TECHNOLOGY SERVICES
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4205+.
✅Can Go short in this stock by placing a stop loss below 3880-.
We have observed formation of bullish pattern in daily time frame. Even though , Market is showing bearishness, in shorter time frame ; stock straight goes from 1396 to 1511.
I am suggesting buy on dip strategy in this stock. The buying range is around 1400-1500. The immediate target is 1750. The stock is having strength to go much higher than 1750.