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.
