DATAMATICS trade ideas
Datamatics - Rising wedge and FlagForming a Rising wedge and Flag with good volume support- keep in watchlist and watch out for up move
PS: this is my own view, before you trade, please analyse it throughly
DATAMATICSDATAMATICS: Looking Good
Rounding Bottom Breakout Sustaining Above/Closing 219
Buy CMP/Above 213 Add Every Dip Until
Target 250-300-350-400+++
If fail to Sustaining Above 219 then will try to create Cub & Handle Pattern
Buy CMP/Above 213 Add Every Dip Until
Target 240-310-380-450-520-600+++
Positional Call
DATA MATICS- stock break the ascending channel pattern.
- Next level to watch 200-220-250 levels .
-Support is near 130 level on chart
Important short term pick up ✌✌This scrip is ready to fly high as it is beautifully moving on uptrend. So traders keep on your radar and enjoy the profit.
2004 Resistance level BONSE:DATAMATICS
Resistance and TL BO with very good volume.
The resistance level just got breaked is of from 2004 and the same level tried to break out in 2017,18,19 continuously but not succeed.
ATH stock, All HL's can be tradable if the stock sustains above the entry level.
Levels marked on chart
Multiyear Breakout. Volume AccumulationThe company has strong fundamentals and has potential to grow Looks good for investment .Chart is strong just like the company is.
DATAMATICS : Rounding bottom necklineFor Educational purpose
DATAMATICS :
Rounding bottom formation
BO done by breaking neckline
Support retested
It can go to 155 with Support 126
TG 2-3 Weeks
@TheCharts
Dtd 12th May 2021
DATAMATICS Long Opportunity 4 Yr BREAKOUTDatamatics is an Indian company that provides consulting, information technology, data management, and business process management services. Its services use robotics, artificial intelligence and machine learning algorithms.
PE vs Industry: DATAMATICS is good value based on its PE Ratio (11.2x) compared to the IN IT industry average (24.3x).
> Stock has broken 4 Yr Trendline with good volume.
> Targets based on past price action.
DATAMATICS GLOBALCan add now
or add till 109,
Flag pattern, Consolidation zone once break 128 level
can expect more upside.
Only for study purpose.
Never Miss a Chance !! Datamatics a must buy !Dnt waste ur time its a must buy !!
good Fundamently !!
Buy at mentioned level now ,,, good consolidation done waiting for pop out .
DATAMATICS TARGET UPDATE 25-8-2020Recently breakout happened.. so one can look fresh near 64-66 for upside possible levels 75 and 82.. Refer chart for more details..
