DATAMATICS trade ideas
Datamatics (Datamatics Global) Good to go long ?* Uptrend Stock in Day frame
* Making Higher Highs
* Stock with good volume & Healthy correction
* Took Support @ Fibonacci 382 level & closed above 236 levels
Long Entry : Above 305
SL : 289
Tgt : 360
*Always Enter With good confirmation & Maintain proper Risk Reward.
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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
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
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.