DATAMATICS GLOBAL SOLUTION TARGET 370DATAMATICS GLOBAL SOLUTION good retracement from the weekly trend. Target 370
DATAMATICS trade ideas
Data Matics Ichimoku Bullish Breakout
Stock Name - Datamatics Global. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will sustain above 347. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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DATAMATICS for swing tradingChannel BO Done with good volume
CMP-336
Buy with strict SL-320
TGT-380++
Buy Today, Sell Tomorrow: DATAMATICSDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in DATAMATICS
Buy Today, Sell Tomorrow: DATAMATICS
Datamatics | Candlestick Analysis |Fundamental
The company offers a wide range of services primarily categorized under information technology (IT) solutions, business process management (BPM), Big Data & Analytics & engineering services.
The company have developed its own intelligent automation platform and market for the same is forecasted to grow at a CAGR of ~19% over 2020-25.
Presently, the company has 200+ clients. It added 33 new clients in Q2FY22 alone. In FY21, Top 5, 10 and 20 clients contributed 25%, 36% and 49% towards revenues respectively.
Segment-wise Revenue FY21: -
Information Technology - 51%
Business Process Management - 49%
Market Cap: Rs 1,532 cr; PE: 10.8 ; ROCE : 14.7% ; ROE : 11.3% , Debt Free Balance Sheet.
FII's increased shareholding in Dec'21 quarter and credit rating agency updated their current rating to A+ stable.
Technical:
After the breakout, price rejected from level of ATH and retrenchment to fib golden level & EMA 55.
At support level of Rs 240, a DOJI candle was formed in weekly chart, followed by Morning Star Candle (Bullish Candle) i.e., sign of trend reversal.
The level marked in chart with explanations.
Thanks
DATAMATICS : BULLISHEarlier recommended but didnt work , As IT Sector showing strength , expecting good upmove from here
TGT - 390 & 420++
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
a very good channel pattern with demand supply zone breakoutdatamatics global is going to give you a decent return within a month
target 1&2 mention on chart
Perfect setupOn Long term trendline
Also forming Cup handle pattern in monthly chart
Can be bought at CMP
position can be increased once day candle closes above 141 with CBSL 128
Only for study purpose
Datamatics: Ascending Triangle FormationDatamatics: Ascending Triangle Formation
Detailed analysis given on the chart
NSE:DATAMATICS
Ascending flag on DATAMATICSThere may be a formation of ascending flag wait for upcoming candles....
Datamatics Datamatics After a brake-out good move and now its consolidating
Once its able to suatain and close above the Recent High 383 can go Long with 1:1 Risk Reward Ratio
Stop loss : 345 (Recent Swing Low)
DATAMATICS : BULLISHBREAKOUT PATTERN
Fresh buy
TGT - 400 & ABOVE
Disclaimer
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
DATAMATICS CMP - 364 TARGET - OPEN SL - 245 #trader_rohan
#DATAMATICS #stocks #StockMarket #investing #trading #investments #Breakout #NSE #BSE #Nifty #Sensex #Chart #ChartOfTheWeek #trader_rohan
Datamatics - Up Flag Breakout - Datamatics has given a upflag breakout. The next target is marked it the chart. Bullish
Analysis for the academic purpose only.
DATAMATICS has broken the resistance after 2005I will look at buying DATAMATICS because :
It has broken the Resistance after 2005.
Its accumulating good volume past few days can show big move.
Entry : 170/175
Target : 300+
Stop loss : 144
DATAMATICS GLOBAL (bullish flag pattern)The bullish flag is looking good as it has came after a good a good rally and then a small consolidation phase now it had came out of the bullish flag with good volumes
DATAMATIC MOMENTUM PICK PRE OPENING PICKBUY DATAMATICS 303-306 1ST TARGET 320 2ND TARGET 330 SL 280.... i think its touch or break its previous high
DAtamatics Cmp 302 dated 26.8.2021DAtamatics Cmp 302 dated 26.8.2021
1. Flag Pattern on chart BO @ 305.
Buy above 305 for a tgt of 320-350 SL 290
higher tgt of 440 SL 260
It is just a view, pls trade at your own risk.
DATAMATICSNote:
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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Possible swing tradeThe stock has given flag BO and looks good for further upmove - levels on the chart
