Data patterns Based on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
DATAPATTNS trade ideas
DATAPATTNS#DATAPATTNS, after the recent pull back, stock took the support from the demand zone and bounced swiftly with good volume.
ATH breakoutGood volume buildup in daily as well as in weekly timeframe.
All-time high breakout with good volume buildup and highest volume buildup in the last one year.
But the candle has made long wick, wait for conformation or retest at 3400~3200 zone.
The share price moving in a parallel channel trend after the FII stakes has increased.
Fundamental are good.
FII & DII stakes are increased significantly.
NOTE: I do my analysis, do yours before trade.
what a break out after 3444 with in some time gone up to 3655last top 3443.90 after breaking previous top 3443.9 with in some time (in minutes ) gone up to 3655
Data patterns Based on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
DATA PATTNS GOOD FOR SWING TRADEStock Analysis: DATA PATTERNS INDIA LTD
Date: June 26, 2024
Observation:
DATA PATTERNS INDIA LTD is approaching a key resistance level around 3,045-3,050 INR, as indicated by the black horizontal trendline.
The stock is currently forming a consolidation pattern just below this resistance.
A breakout above this resistance could indicate a bullish trend continuation.
Technical Indicators:
Price Action: The stock closed at 2,983.85 INR, showing a slight positive movement of +0.41% for the day.
Volume: Moderate volume suggests cautious buying interest as the price nears resistance.
Moving Average: The blue line represents the 50-day moving average, providing support and confirming the upward trend.
Potential Scenarios:
Bullish Breakout: If the stock breaks above the resistance level with strong volume, it could indicate a bullish trend continuation.
Rejection at Resistance: If the stock fails to break through the resistance, it may pull back to support levels around 2,800-2,850 INR.
Trading Plan:
Entry: Consider entering a long position above 3,050 INR with confirmation of increased volume.
Stop-Loss: Set a stop-loss below the recent low at 2,920 INR to manage risk.
Target: Initial target can be set at 3,200 INR, with further upside potential if the breakout is strong.
Hashtags:
#StockMarket #TradingView #TechnicalAnalysis #DataPatternsIndia #SwingTrading #BreakoutTrading
Data Patterns, a defence and aerospace proxy ready to move?-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc)
-from strong sector (sector is always imp as strong sector's stocks move faster)
-Good shakeout and Fake-out also there means kicking weak players by hunting their SLs (stoplosses)
-Inside Bar on latest candle
-Volatility contraction
DATAPATTERN // 02-06-24 // at Support Area This share trading at support area, may give 12% profit. Take position as per your risk reward ratio and that is not recommended only for educational purposes.
Rising Wedge patternGood volume build up in daily time frame.
Rising wedge pattern breakout with good volume. wait for conformation either retest on trendline or breakout of high of current candle with good volume and should sustain above it.
NOTE: i do my analysis, do yours before trade.
DATA PATTERN 📈 📈 Could move upward to 📈
8200 -- 8300 Within ( 25th Nov 2024 -- 7th April 2025 )
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Clock up 📈 2500 within 10th Aug -- 11th Oct
Disclaimer :
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Breakout Soon in Data Patterns Bullish Wedge Breakout setup
RSI near 65 and rising
Trading above EMA50
Volume accumulation
Result on 18th May, can influence the direction
Keep in your watchlist !
Data Patterns Ltd: Analysis & Trading InsightsAnalysis:
Data Patterns Ltd. boasts a market capitalization of 15,747 crore with a high PE ratio of 94.90 and a beta of 1.09. Its 52-week high/low is 3,208.95/1,512.00.
The stock is currently exhibiting a descending channel pattern, finding support at the 200 EMA while facing resistance from the 20/50/100 EMAs. Friday's trading session, on 10/05/2024, closed with a doji pattern, indicating indecisiveness among buyers and sellers.
Despite its strong fundamentals, including a high PE ratio, PB ratio, and EPS, investors should conduct thorough research before considering trading or investing in Data Patterns Ltd.
Disclaimer:
The following analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions. Investing in stocks carries inherent risks.
Data Patterns (India) Ltd - Long Setup, Move is ON...#DATAPATTNS trading above Resistance of 3048
Next Resistance is at 4066
Support is at 2136
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Data patterns analysis1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
Breakout soon in DATA PATTERNSCup & Handle Breakout Setup
RSI above 65 and rising
Trading above EMA50
Volume increasing
Enter after confirmation
Disc: for study, not a recommendation
Cup & Handle Pattern Cup & Handle Pattern
DATAPATTNS
+ Good prior Uptrend
+ Low Volume during pull back
+ Trading above Key EMAs
DATA PATTERNS TGT 2800- 2980Data Patterns (India) Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Price forming ABCD Pattern on weekly chart
3. Narrowing Bollinger Bands and price on upper bollinger bands on weekly chart.
4. Price movement during last week with huge Eiffel tower size volume candle.
5. Major Support near 1850-1870 zone
Can be a good risk reward with buy on dips and dips only
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
DATA PATTERNS Near strong supportData patterns would continue its rally after long consolidation. It took support multiple times on the same levels, and it is showing the reversal sign. for short and long term CMP is looking attractive with 15% of risk.
Initial target would be - 2470
Stop loss would be below - 1750
DATAPATTNS - Weekly Chart Analysis, CMP-2698Breaking out of 25 week long base of 30% range, the stock is showing strength after sustaining above it for the 2 weeks now. On the monthly timeframe it has retraced to 38.20% and shown strength thereafter. On the daily timeframe we see it taking dynamic support of all the key moving averages and coming out of the resistance and retesting it again.
So now, 2372-2485 shall act as a support and on the downside the risk will be weekly close below these levels. But ideally 2250 shall be kept as risk level where a weekly close below this would negate our view in this counter.
On the upper side 3220 - 3625 - 4140 are the levels as per the trend fib that can be tested in the long term.
Disclaimer: I am not SEBI registered analyst. Also, the view shared above is my personal analysis and not a buy or sell recommendation. It is shared for learning and educational purpose. If you intend to trade or invest in this counter that i would suggest you to do your due diligence and seek guidance from your financial advisor.
Broke resistance & Closed above Psychological zone of 2000 1. RSI and Volume: RSI is rising, indicating increasing buying pressure. Volume is high, confirming the breakout and suggesting strong bullish momentum.
2. ADX and MACD: ADX is rising, showing strength in the uptrend. MACD has likely experienced a bullish crossover, supporting the bullish move.
3. Higher Highs: The stock is making higher highs, indicating growing confidence among traders.
4. Crucial Levels: Breaking above the psychological zone of 2000 with high volume and closing above resistance suggests strong bullish sentiment. Keep an eye on Data Pattern for potential bullish opportunities.
Data Pattern: Potential Long
Price took bounce from its support zone ~ 1800 level + took 50 ema support
Price has been consolidating from last 16 bars or 112 days and attempting for a breakout
Momentum is building up slowly
There is a supply area near 2200 levels, will initiate a entry with a small quantity and once price sustains above 2050 level will get a final confirmation.
Note: This is just for analysis purpose, please do your own research before punching any orders.
🔍 For more technical analysis and trade setups, make sure to follow me on TradingView
DATAPATTNS - 5 months consolidation / Downtrend Breakout Data Patterns (India) Ltd
1) Time Frame - Daily.
2) The Stock has been in a downtrend / consolidation since (September, 2023). Now It has given a breakout & Closed at it's 5 months High with good bullish momentum in Daily Time Frame.
3) Option 1 - With the strong 5 months consolidation breakout in Daily, Buy at this current level.
Option 2 - Wait for the strong weekly candle's close above the price 2175.40.
4) Next target will be it's All Time High (2485).
5) Recommendation - Strong Buy
