Data Patterns - Trendline BO with High Vol. - Chart of the Month

DATAPATTNS showed good price action this month, breaking the trendline with high volumes, showcasing strength in this market. Defence Industry Stocks are showing relative strength and looking to continue that further, qualifying for my Chart of the Month.

About:
DATAPATTNS is one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India. It is among the few vertically integrated defence
and aerospace electronics solutions providers catering to the indigenously developed defence products industry. It is focused on in-house development and manufacturing facilities led by innovation and design, and development efforts. It has been in business for over 35 years. It has supplied products catering to all the platforms, viz., space, air, land and sea, including products for LCA-Tejas.

Trade Setup:
Buy on Dips near Trendline Support or the base for Positional Traders and on breakout of the candle high for Swing Traders.

Target:
Around ATH Zones, ideally, if sustained,d can go further up.

Stop Loss:
Entry Candle Low For Swing Traders and Base Marked for Positional Traders.

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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.