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.

Trade ist aktiv:

today its up by 7.3%

Trade ist aktiv:

till now 124.9

Trade ist aktiv:

in daily, price approaching uptrend channel support.

Trade wurde manuell geschlossen:

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

Kommentar:

price came again to the support zone.

Trade ist aktiv:

price bounced from support zone, closed at 105.80

Kommentar:

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.

Kommentar:

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

Kommentar:

cmp - 146.45 double bottom tgt almost done here,

Kommentar:

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