DATAPATTNS Bang On- 2 Best Indicators You Cannot Miss!
Mar 01, 2024
DATAPATTNS Bang On- 2 Best Indicators You Cannot Miss!
Simple price pattern breakout along with price indicators creates wonder if one combines it together! See yourself how we identified such massive move in DATAPATTNS Check out how we selected this momentum stock named as DATAPATTNS which has rallied more than 19%
We published DATAPATTNS analysis in "The Financial Waves Short Term Update" on 23rd February 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.
DATAPATTNS Daily chart Anticipated as on 23rd February 2024
DATAPATTNS Hourly chart Anticipated as on 23rd February 2024
Wave analysis as on 23rd February 2024:
DATAPATTNS has been moving higher recently and intact in strong uptrend. In the previous session it closed with a massive gain of 8.67%.
On the daily chart, in the previous session prices formed a bullish candle. The stock is moving in a rectangular range over the last few days indicating accumulation in the stock. Price has closed above this trading range will result into a bullish breakout of the rectangular pattern. Price is trading above the ichimoku cloud which indicate that the short-term bias is bullish.
As shown on the hourly chart, we have applied parabolic SAR which used to determine the price direction as well as draw attention to when the price direction is changing. A series of dots placed below the price which is deemed to be a bullish signal. Closest support is placed at 2110.
In short, trend for this stock is positive. Use dips towards 2200-2220 as a buying opportunity for a move towards 2440-2460 levels as long as 2110 holds on the downside
DATAPATTNS Daily chart Happened as on 1st March 2024
Happened: After we published the report, the stock made a dip exactly towards 2220 levels which we mentioned earlier. Within the short span of time, the stock has given more than 19% return in such volatile market and moved way beyond our target which was of 2460 levels. Stock made high of 2679.95. Price action supported the trend and as a result we saw a sharp rally in DATAPATTNS
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