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.
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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.
DATAPATTNS trade ideas
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!
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**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.
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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.
Weekly Range BreakoutThe stock has been trading in the range for the past 19 weeks with low volume.
Before the range breakout, we can see volume again building up & the stock formed a weekly bullish engulfing candle with above-average volume.
Stock Brokeout of range with the highest volume in prior 19 weeks.
(Stop Loss) Point of High Confluence Weekly 10MA & 40 MA are perfectly aligned with the weekly low of the current candle giving a low-risk entry.
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.
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
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
#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.
Data Patterns: Potential Profits of More then 30%Trade Report: Unleashing Potential - Data Patterns Soar on Technical Breakout
Introduction:
Data Patterns, a stock under scrutiny, has recently exhibited compelling technical signals, igniting excitement among traders. The stock has not only broken out of a wedge pattern on the upper side but has also witnessed a simultaneous breakout of both the 50 and 100-day Exponential Moving Averages (EMA) on today's trading session.
Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors!
Technical Analysis:
Wedge Breakout: Data Patterns has successfully breached a technically significant wedge pattern on the upper side, indicating a potential bullish momentum in the stock.
EMA Breakouts: The breakout of both the 50 and 100-day EMAs signals a strong upward trend. This reinforces the bullish sentiment and suggests the potential for sustained positive price action.
Above Major EMAs: Notably, the stock is currently trading above all major EMAs, including the 13, 20, 50, 100, and 200-day EMAs, affirming a robust bullish trend.
Trade Entry and Retest Opportunity:
Traders have two strategic options for entry:
Immediate Entry: Take a position now at the current price of 1979, riding the momentum of the recent breakout.
Retest Entry: Alternatively, patient traders may wait for a retest of the breakout level near 1890 before entering the trade, ensuring a more conservative approach.
Risk Management:
Stop Loss: Place a stop-loss order at the 200-day EMA , approximately at 1790, to mitigate potential downside risks.
Upside Targets:
Anticipated upside targets for Data Patterns:
1-2100
2-2300
3-2500
Conclusion:
Data Patterns exhibits strong technical signals, suggesting a potential bullish trend. Traders can choose between an immediate entry or a more conservative retest entry strategy. Risk management is crucial, with a recommended stop loss at the 200-day EMA. Upside targets provide a roadmap for potential profits.
Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors!
"DATAPATTNS: Riding the Uptrend Wave with Confidence"Description:
📈 DATAPATTNS: Seize the Uptrend Opportunity! 🚀
Get ready to harness the potential of an uptrending stock - DATAPATTNS! Here's why this opportunity deserves your attention:
Key Points:
📊 Up-Trending Stock: DATAPATTNS has consistently been on an uptrend, reflecting strong market sentiment in its favor.
📊 Positive Relative Strength (RS): The stock boasts positive Relative Strength (RS), signifying its ability to outperform the broader market.
📉 Correction from Highs: Following higher levels, DATAPATTNS has undergone a healthy correction, potentially paving the way for the next leg up.
📊 Trading on Dual Support: DATAPATTNS is currently trading on both horizontal and trendline support, reinforcing its stability and growth potential.
🔙 Bouncing Back from Support Line: The stock is displaying signs of a rebound from the support lines, a bullish indicator.
📉 Cooled-Down RSI in Buying Zone: The Relative Strength Index (RSI) has cooled down and entered the buying zone, signaling an attractive entry point as the stock regains momentum.
💰 Accumulate or Trade: It's an opportune time to consider accumulating or trading DATAPATTNS, offering potential for both short-term and long-term gains.
📈 Hold for the Long Run: If feasible, contemplate holding DATAPATTNS until a significant breakdown occurs, capitalizing on its robust uptrend.
💰 Favorable Risk to Reward: This trade boasts an enticing risk-to-reward ratio, allowing you to aim for greater rewards while prudently managing risk.
📈 Entry Price (in Rupees): Consider entering the trade at Rs 2250. This entry level positions you strategically for potential gains as DATAPATTNS continues its uptrend.
❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 1940. This level serves as a protective barrier should the trade not unfold as anticipated.
🎯 Target Price (in Rupees): Our target is set at Rs 3000, reflecting a significant potential upside. This is where you may contemplate taking profits.
📈 Risk-Reward Ratio: With an entry at Rs 2250 and a stop loss at Rs 1940, the risk-to-reward ratio for this trade is approximately 1:1.55. For every unit of risk, there's a potential reward of 1.55 units.
🚀 Trade Strategy: Stay confident as DATAPATTNS' uptrend continues. Keep a close watch on the stock and adjust your stop loss to secure gains as the journey unfolds.
This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Ride the DATAPATTNS uptrend with confidence and seize the opportunity for potential gains. Happy trading!
(Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
Data Patterns LongTime Frame - 3-4 Weeks
Potential TGT - 2450
Given the swing low was not broken
Analysis: Based on the historical candles the AB=CD pattern was always had PRZ (Potential Reversal Zone) at 1.618 fibonacci level, assuming there are very high chances to repeat the same.
Note: This analysis is for education purpose only...
DATA PATTERNSPrices have broken out of the resistance which the October 2022 high of 1465 was offering.
Volumes are also high enough to confirm strength in trend.
Going by the past (single instance) up-move after breakout, prices could now test the 261.8% Fibonacci Retracement level placed at 2220.
The view would remain intact as long as prices trade above 1450.