DATAMATICS Bullish; above 625 on Thursday 28th September DATAMATICS Bullish; above 625 on Thursday 28th September
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
DATAMATICS trade ideas
Datamatics Global Services Limited - Long Setup, Move is ON...#DATAMATICS trading above Resistance of 524
Next Resistance is at 609
Support is at 382
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Buy call for Datamatics for short term Bullish Engulfing + increasing volumes + retest
Target 610
Sl 535
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
intraday, swing, short term; min 70% returs
add this to your watchlist and wait.
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
entry-358
target-568
Multi Months Symmetrical Triangle Breakout Seen in Data MaticsAbout Company:-
Datamatics Global Services Ltd is a global provider of Information Technology (IT), Business Process Management (BPM) and Consulting services. The Company provides business aligned next-generation solutions to a wide range of industry verticals that help enterprises across the world overcome their business challenges and achieve operational efficiencies.
Market Cap
₹ 2,041 Cr.
Current Price
₹ 346
High / Low
₹ 364 / 234
Stock P/E
11.0
Book Value
₹ 178
Dividend Yield
1.08 %
ROCE
24.8 %
ROE
19.5 %
Face Value
₹ 5.00
Debt
₹ 21.3 Cr.
EPS
₹ 32.0
PEG Ratio
0.44
Promoter holding
70.9 %
Intrinsic Value
₹ 357
Pledged percentage
0.00 %
EVEBITDA
6.79
PROS
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 24.8% CAGR over last 5 years
CONS
The company has delivered a poor sales growth of 9.90% over past five years.
Promoter holding has decreased over last 3 years: -3.26%
Working capital days have increased from 95.4 days to 147 days
Well i have done my analysis in it, and i found it a profitable bet for future. Technically and fundamentally it is looking good. We have already seen a multi months symmetrical triangle breakout in it. A huge upside momentum expected from here. For trading perspective i already written levels on chart. But according to me this is best to time enter for long term. All the data showing very positive for this ticker. In coming 6-7 years we can see 800-1000% returns in it. So take position accordingly. If you are planning for trading purpose then please follow strict stop loss.
Please guy's if you like my then please support me by like and follow and please tell me your view regarding this company in comment box, i would be happy to reply there.
Thankyou:-))
DataMatics*DataMatic*
Time Frame- Daily
Study - A good volume build up seen with reversal in relative strength, outperforming the benchmark - NIFTY.
Entry Above - 360
SL- 345
T1- 382
T2- 406.5
*Note*- R-364 means rejection at 364 level with high volume
This chart is only for educational purpose. Do your own study before taking any trade
Datamatic Bullish - Blast Key Points:
- After 600 days consolidation great breakout
- RSI crossed 70 and above RSI MA
- All EMA crossed and good potential of up-move
- Resistance Level breakout
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only
Datamatics Global Darvas Box FormaitonDatamatics has formed a Darvas Box and is attempting a breakout. A close above 360 would initiate a Buy and that level would then act as a stop loss. Keep a close eye for any positive movement. Long consolidation has happened and a solid breakout would ensure a good run in the stock going forward.
This IT service provider may breakout of big accumulation phase!This IT service provider may breakout of big accumulation phase!
NSE:DATAMATICS
• Datamatics Global Services is a provider of IT, BPO, and consulting services, and has demonstrated strong profitability and efficiency.
• The company's current stock price is below its intrinsic value, making it a potentially attractive investment opportunity.
• The stock is not overbought, indicating that it may be a good time to consider purchasing.
• Datamatics Global Services is not included on the ASM or GSM lists, which can be a positive sign for investors.
• There is minimal promoter holding pledged, suggesting a lower level of risk for potential investors.
• Datamatics Global Services made more money this quarter than they did in the same quarter last year. The amount of money they made this quarter was 25.06% higher than what they made last year.
• The company also earned more profit this quarter compared to the same quarter last year. Specifically, the profit they earned was 24.07% higher this year compared to last year.
• Additionally, the company's earnings before interest, taxes, depreciation, and amortization (EBIDTA) for this quarter increased by 23.82% compared to the same quarter last year. This means that the company was more profitable in terms of its core operations this quarter compared to the same quarter last year.
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Best Stocks for swing tradingService Offerings
The company offers a wide range of services primarily categorized under information technology (IT) solutions, business process management (BPM), Big Data & Analytics & engineering services.
Intelligent Automation Platform
The company have developed its own intelligent automation platform that combines the capabilities of its various IP products along with AI, ML and NLP models developed by its datalabs. The market for the same is forecasted to grow at a CAGR of ~19% over 2020-25.
PROS
Company is almost debt free.
Promoter holding has increased by 3.02% over last quarter.
CONS
The company has delivered a poor sales growth of 7.10% over past five years.
Company has a low return on equity of 13.7% for last 3 years..
Finally My view as a technical analyst :
It is trading at all time high.
This stock is technically ready to move upside volumes are high.
As a swing trader and momentum trader we may go long.
Note: This is only for education purpose. Not for buy and sell.
I am not SEBI registered.