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Datapatterns

DATAPATTERNS: Year-Long Wedge Breakout | Defense Sector Monster STRONG BUY Setup 🛡️ Entry: ₹3,100-3,120 (Current Level) Target 1: ₹3,271-3,300 Target 2: ₹3,438-3,470 Target 3: ₹3,600-3,650+ (Extended - Breakout Target) Stop Loss: ₹2,884 Technical Rationale: MAJOR BREAKOUT from year-long falling wedge/descending channel (blue shaded area) Explosive +18.52% surge - massive weekly gain showing strong momentum Breaking above descending trendline resistance decisively Weekly chart showing powerful bullish reversal Volume at 10.32M - exceptionally strong for weekly timeframe Trading well above the descending channel that dominated since May 2024 RSI spiking towards 70 - strong bullish momentum Defense/Electronics sector - strategic importance, government focus Multiple resistance levels: 3,116, 3,271, 3,438 Strong support base established at 1,400-1,600 zone (blue horizontal area) Breaking above critical 3,100 level that acted as resistance multiple times Pattern similar to March 2024 rally that went from 2,300 to 3,600+ Risk-Reward: Excellent 1:2.5+ ratio for immediate targets, 1:5+ for extended Pattern: FALLING WEDGE/DESCENDING CHANNEL BREAKOUT on WEEKLY Chart - one of the most reliable bullish reversal patterns Strategy: Medium to long-term positional (weeks to months) Book 25% at T1 (3,285), 25% at T2 (3,450), hold 50% for extended target 3,600+ Trail SL to 3,050 after crossing T1 This is momentum + pattern breakout - could be explosive Disclaimer: For educational purposes only. Not SEBI registered.
NSE:DATAPATTNSLong
by rmhetre15
Cup and Handle Pattern in DATA PATTERNS - 25% upmove expectedDATA PATTERNS has been seen in a cup and handle pattern and is on the verge of a good breakout on daily TF after almost a consolidation of almost 50 days. Data Patterns (India) Limited is one of the fastest-growing companies in the Defense and Aerospace Electronics sector in India. The company has increased institutional investing, almost a 50% and above increase in sales QoQ growth for the last 3 quarters and EPS growth of a minimum of 25% in the last 3 quarters Good for swing traders. Can add to your watchlist Can hold for about 10-15 days. Entry - INR 3020 (Kept in WL, will wait for breakout with good volume.) SL - (Swing Low/Day low) - which ever is lowest TSL - According to your risk profile post 20% Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:DATAPATTNSLong
by Rokdevildivine
Data Patterns trying to breakout and form a positive pattern. Data Patterns (India) Ltd. is among the few vertically integrated defense and aerospace electronics solutions providers catering to the indigenously developed defense product industry. It is one of the fastest-growing companies in the Defense and Aerospace Electronics sector in India. Data Patterns (India) Ltd CMP is 1978.55. The Negative aspects of the company are High Valuation (P.E. = 74.7). Declining cash from operations and MFs decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, and improving annual net profit. Entry can be taken after closing above 1996. Targets in the stock will be 2045 and 2115. The long-term target in the stock will be 2181 and 2253. Stop loss in the stock should be maintained at Closing below 1840. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:DATAPATTNS
by Happy_Candles_Investment