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Data Patterns (India) LimitedData Patterns (India) LimitedData Patterns (India) Limited

Data Patterns (India) Limited

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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.
NSE:DATAPATTNSLong
by purisonshuf
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.
NSE:DATAPATTNSLong
by marketmoneymohmaya
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.
NSE:DATAPATTNSLong
by Marketik
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
NSE:DATAPATTNSLong
by DebasisT
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
NSE:DATAPATTNSLong
by SHRIHARII
6 month consolidation BO + Golden Crossover + Flag FormationA 6 month basing consolidation BO has happened. Even a golden crossover has occurred. If one were to observe carefully, its even a flag formation (BO of flag yet to happen). One can take a small entry now and a full (position size) entry after flag BO with a strict SL of 2350 closing basis. As per consolidation the possible levels that can be achieved are 3200, but trailing the SL is always a better way to trade. --- --- --- A trader understands that the price of the stock is the only true indicator. The stock's price backed by volumes has factored in all the knowns, unknowns, dreams and impulses of all those who are in the market. - A. D.
NSE:DATAPATTNSLong
by srjatav
Data Patterns India - LongData Patterns India - Long As of today, suitable for Short-term Trade / Swing Trade Price levels Buy & Accumulate Area: ₹ 2189.15 to ₹ 2333.10 to ₹ 2477.05 Target 1: ₹ 2682.00 Target 2: ₹ 2943.05 Major Resistance: ₹ 2477.05 Immediate Support: ₹ 2189.15 Major Support: ₹ 1723.15 Stoploss: ₹ 1961.2 Trade and Invest Wisely with your knowledge! Good Luck! You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks. **Disclaimer: I am NOT a SEBI registered consultant/Advisor (and NOT any country-authorized board registered consultant/Advisor). It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advice or any recommendations on stock/Forex/Coin buying or selling. Please do your research and consult with your financial advisor before taking any action. I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
NSE:DATAPATTNSLong
by pmosesoliver
Amazing breakout on Weekly / Daily Timeframe - DATAPATTNSCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-) PS: This script is shared 1-2 days delayed. Sorry for the delayed charts.
NSE:DATAPATTNSLong
by Yoyohoneysingh93
Datapattn GO LONGWHY LONG: DATAPATTN Data Patterns (India) Ltd ABOUT Data Patterns (India) Limited is one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India. It is among the few vertically integrated defence and aerospace electronics solutions providers catering to the indigenously developed defence products industry. It is focused on in-house development and manufacturing facilities led by innovation and design and development efforts. It is in the business for over 35 years. It has supplied products catering to all the platforms, viz., space, air, land and sea, including products for LCA-Tejas, LightUtility Helicopter, BrahMos missile. KEY POINTS Leading Defence Oriented Company Data Patterns cater to the entire spectrum of defence and aerospace platforms like space, air, land, sea and under-sea. It has design capabilities across the entire spectrum of strategic aerospace and defence electronics solutions including processors, power, radio frequency and microwave equipment, embedded software and firmware and mechanical engineering. Product Portfolio Radars, Underwater electronics/communications/other systems, Electronic warfare suite, BrahMos programme, Avionics, small satellites, ATE for defence and aerospace systems, Commercial off-the-shelf (COTS). Leading product of the company is Radar with 54% contribution to the revenue. Manufacturing Facilities Company's manufacturing facility spans across 200,000 sq. ft factory built on 8.56 acres of land in Chennai. It has facilities for design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has EMS assembly capacity of 600 boards/day. The company has 1,130 employees with 700+ qualified engineers as on 31.3.23. They commissioned a New Manufacturing facility in Q4FY23. On-Going Projects The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH) and the BrahMos missile programme, precision approach radars and various communications intelligence (COMINT) and electronic intelligence (ELINT) systems. Key Customers Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO) and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover. Dependent on GOI Entities The company’s business is dependent on projects and programmes undertaken by GOI and associated entities such as defence public sector undertakings and government organisations involved in space research and Supply of products to prestigious defence projects in India Like LCA, the HAL Dhruv, LUH and the BrahMos missile programme. Data Patterns derives a significant portion (~45-50%) of its total sales from contracts with GOI entities. Order Book As of FY23, company's order book stood at Rs. 924.1 Cr. vs Rs. 476 Cr in FY22.In FY23, company had the highest-ever order inflow of Rs. 901 crores. The company got additional orders from April- May 2023 worth Rs 83.9 cr. **Liquidity ** Company has Cash and cash equivalents Rs.682.5 Cr as of 31.3.23. IPO Details In FY22, company raised 588 cr. through an IPO of which Rs. 240 cr. was a fresh issue and the remaining 348 cr. was an offer for sale. The IPO proceeds were utilized for: 1. Expanding manufacturing and testing facilities in Chennai and enhancing system integration facility. Out of the total fund raised, 51.21 crores was unutilized as on March 31, 2023 Investment through QIP in FY23 Company is making large investments in product development in Satellite, Radar, Electronic Warfare and Communications. It has raised further funds of Rs 500 Cr. through QIP for development of these products. Initially, these products will be introduced in the domestic market. The Company has issued and allotted 4,097,319 equity shares through QIP at an issue price of Rs.1,220.31/- on March 13, 2023. Out of the proceeds, Rs.462.73 crs is unutilized as on March 31, 2023. Change in Statutory Auditors Deloitte Haskins & Sells LLP were appointed as the statutory auditors in place of M/s. R.G.N. Price & Co. Fees for FY24 was decided at Rs47 lakhs exclusive of taxes and other expenses. CAPEX FY23 Company added Rs. 74.47 Crores to their gross block with capital expenditure, including Right to the Assets (ROU) of Rs.47.22 Crores on building & lease, Rs.10.77 Crores on technology infra, Rs.16.48 Crores on physical infra and the balance Rs.1.03 Crores on intangible asset addition.
NSE:DATAPATTNSLong
by InvestwithJohar
1
DATAPATTNS - Bullish Swing Reversal with VolumesNSE: DATAPATTNS is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal and trendline support for the past few days which is indicating demand. One can look for a 17% to 24% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:DATAPATTNSLong
by BrahmaBull31
1
DATA PATTERNS Data Patterns (India) Ltd is vertically integrated defence and aerospace electronics solutions provider. The Company manufactures electronic boards and systems. Note: 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... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:DATAPATTNS
by SENSITRADE_T
#DataPattns is getting ready for a big reversal #SuperChartzKey Levels: Support: 1900 CL Resistance: 2000 2100 2300 25000 Technicals: Support and Resistance Levels: Support: Key support is identified at 1900 INR, providing a strong base for potential reversals. Resistance: Notable resistance levels are observed at 2000 INR, 2100 INR, 2300 INR, and 2500 INR. The current price trend indicates stability, with potential bullish signals upon breaking resistance levels and bearish signals if support levels are breached. Fundamentals: In Q2, Data Patterns (India) Limited reported revenues of Rs 1,083 million, meeting expectations and reflecting a 23% YoY growth. The order book expanded to Rs. 10 billion, with order inflows at Rs 1,445 million. The company has successfully reduced its debt, positioning itself as almost debt-free. This financial strength enhances its stability and resilience in the market. Over the last 5 years, Data Patterns has achieved a remarkable profit growth of 151% CAGR. The anticipation of a strong quarter further contributes to the positive outlook. The company maintains a healthy dividend payout of 19.9%, demonstrating a commitment to shareholder value. Data Patterns (India) Limited appears sound both fundamentally and technically. The strong financial performance, prudent debt management, and positive technical indicators make it an interesting prospect for investors. However, careful monitoring of key support and resistance levels is advised for timely decision-making.
NSE:DATAPATTNSLong
by SuperChartz
1