Cup and Handle Pattern in DATA PATTERNS - 25% upmove expected
DATA 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.
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.