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
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.
Datamatics Global Services Limited is a global provider of Information Technology (IT) and Business Process Outsourcing (BPO) and Consulting services. The Company's services and solutions include finance and accounting services; IT services; mobility; collaboration and enterprise portals; engineering and embedded services, and enterprise content management. Its products include iBridge, which is a smart process automation software robot; iCM, which automates the content migration process across multiple enterprise content management (ECM) platforms; iClass, which is an automatic document classification robot that uses big data and text analytics; iConcile, which offers banks a fully integrated robot that allows them to automatically reconcile bank statements; MarketWatch, which makes use of robots to provide pricing of predefined competitor products, and Product Classification, which makes use of technology and algorithms for pattern identification.
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DATAMATICS
