#DATAPATTNS trading above Resistance of 3048
Next Resistance is at 4066
Support is at 2136
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
Breaking out of 25 week long base of 30% range, the stock is showing strength after sustaining above it for the 2 weeks now. On the monthly timeframe it has retraced to 38.20% and shown strength thereafter. On the daily timeframe we see it taking dynamic support of all the key moving averages and coming out of the resistance and retesting it again.
So now,...
NSE: DATAPATTNS is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal and trendline support for the past few days which is indicating demand.
One can look for a 17%...
Data Patterns (India) Ltd is vertically integrated defence and aerospace electronics solutions provider. The Company manufactures electronic boards and systems.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and...
Stock is moving in uptrend channel and retested it's supportive Trendline, given BO, follow chart for proper support and resistance levels, GANN target levels.
DATAPATTNS:- Rounding bottom pattern has been made, wait for proper breakout, then do some planning, keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check...
DATAPATTNS:- The stock is consolidating near the resistance, if there is a breakout, the stock may go upside , keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
Stock Name - Data Patterns (India) Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1220
#This is not Buy and Sell recommendation to any one. This is for...
Chart -> Data Pattern Daily
Closed above it's high of listing day, which was 864. RSI gone above 70 for the first time in stock's history. This has to be in your radar.
CMP: 870
Targets: 940, 980, 1040
Stoploss: 800
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
