Datamatics is showing signs of trend reversal with symmetric triangle formation. breaking above the triangle will make it go above 150 levels Go long above 111 T1 - 130 T2 - 150 SL - 91
buy datamatic around 117 tgt1 199 tg2 ---122 tg3-- 128 and st --114
lost opportunity. be patient for pullback.
in weekly chart, price bounced from horizontal support, trend line support. Also hidden bullish divergence found here. At cmp - 111.85, tgt - 160.
lost opportunity. be patient for pullback.
One can buy the stock for target of 168 stop Loss 137. Potentially very fast rewarding & reliable trade.
As seen in Datamatics Global 96-99 levels has been an important resistance level, which it has failed to breach in the past as can be seen by the red arrows. A close above 99 would be an entry in this stock. It is also near all time high.