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

Data Patterns (India) Limited

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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!
NSE:DATAPATTNSLong
by ZoneFlow
"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.) 📊💼🧐
NSE:DATAPATTNSLong
by We_Learn_Investing
1
Data Patterns (India) LimitedDATAPATTNS:- Rounding bottom pattern has been made, wait for proper breakout, then do some planning, keep your eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:DATAPATTNSLong
by AjayDhakad_Keep_it_simple
1
DATAPATTNSDATAPATTNS:- The stock is consolidating near the resistance, if there is a breakout, the stock may go upside , keep an eye Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:DATAPATTNSLong
by AjayDhakad_Keep_it_simple
DATAPATTNS - Ichimoku Bullish Breakout Stock Name - Data Patterns (India) Ltd Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 1220 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:DATAPATTNSLong
by nikunjbhadja