Datamatics looks bullish in medium term.

in weekly chart, price bounced from horizontal support, trend line support. Also hidden bullish divergence found here.

At cmp - 111.85, tgt - 160.

Transaction en cours:

today its up by 7.3%

Transaction en cours:

till now 124.9

Transaction en cours:

in daily, price approaching uptrend channel support.

Trade fermée manuellement:

channel support broken, and price is in short term downtrend.

Commentaire:

price came again to the support zone.

Transaction en cours:

price bounced from support zone, closed at 105.80

Commentaire:

price is showing strength after a long consolidation, now up trend is clear, and it is gaining momentum, In weekly, descending trend line broken here, few weeks back, recently big green candle formed and price closed above upper BB and upper BB is moving up.

Lesson learned : patience and conviction on own analysis is really important for wealth creation in stock market.

Commentaire:

double bottom breakout with good volume
now retesting the breakout level pattern tgt is at 150

Commentaire:

cmp - 146.45 double bottom tgt almost done here,

Commentaire:

at cmp - 136.60, it has formed hidden bullish divergence in daily, also price took support at ascending lower BB, bounce back is likely