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DATA PATTERNS INDIA LTDDATA PATTERNS INDIA LTDDATA PATTERNS INDIA LTD

DATA PATTERNS INDIA LTD

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DATAPATTNS trade ideas

Technical Analysis of DATA PATTERNS INDIA LTDOverview: The chart of DATA PATTERNS INDIA LTD. showcases a robust uptrend from June 2022 to September 2024, as evidenced by the ascending support trendline. This indicates a consistent pattern of higher lows, reflecting strong buying interest and a bullish market sentiment. Trendline Analysis: The rising trendline, drawn from the lower left to the upper right, highlights the stock’s upward trajectory. This trendline has acted as a reliable support level, with the price bouncing off it multiple times, confirming its significance. Traders often use such trendlines to identify potential entry points during pullbacks. Fibonacci Retracement Levels: The application of Fibonacci retracement levels provides critical insights into potential support and resistance zones. After peaking around September 2023, the stock retraced to a key Fibonacci level before resuming its upward movement. This behavior is typical in trending markets, where Fibonacci levels act as psychological barriers for traders. Volume Analysis: Volume bars on the chart indicate significant trading activity at various price levels. These volume nodes often correspond to areas where institutional investors have established positions, making them crucial zones to watch. High volume at specific price ranges suggests strong interest and can act as future support or resistance levels. Conclusion: Given the adherence to the rising trendline and respect for Fibonacci retracement levels, the outlook for DATA PATTERNS INDIA LTD. remains optimistic. The stock’s ability to maintain its upward trajectory, coupled with significant volume at key price levels, suggests a continuation of the bullish trend. Traders should monitor these technical indicators closely and watch for any signs of weakening momentum or breaks below pivotal support levels.
NSE:DATAPATTNSLong
by stocktechbot
Data patterns! Can again launch an arrow?Looks good for 3300 stoploss @ 3k volume need to pick up sideways consolidation now need a good break with volume Defence theme! Fundamentals good! Data Patterns (India) Limited 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 is in the 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, LightUtility Helicopter, BrahMos missile. Disclaimer: Not a buy or sell reco follow strict stoploss and target given for study purpose
NSE:DATAPATTNS
by CRYSTAL_EQUITY
Data Patterns (India) Limited: A Deep DiveIntroduction: Data Patterns (India) Limited is a prominent player in the Defence and Aerospace Electronics sector in India. With a focus on in-house development and manufacturing facilities, the company has been catering to the indigenously developed defence products industry for over 35 years. In this blog, we will delve into the key aspects of Data Patterns (India) Limited, including its product portfolio, manufacturing facilities, ongoing projects, key customers, and financial performance. Product Portfolio and Manufacturing Facilities: Data Patterns (India) Limited offers a diverse range of products, including radars, underwater electronics/communications/other systems, electronic warfare suite, BrahMos programme, avionics, small satellites, and ATE for defence and aerospace systems. The company's manufacturing facility spans across 200,000 sq. ft and is equipped with design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has an EMS assembly capacity of 600 boards/day and employs 1,130 employees, with 700+ qualified engineers as of March 31, 2023. Ongoing Projects and Key Customers: The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile programme. Key customers include Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO), and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover. Financial Performance: In FY22, the company raised 588 crores through an IPO, with 240 crores being a fresh issue and the remaining 348 crores being an offer for sale. The IPO proceeds were utilized for expanding manufacturing and testing facilities in Chennai and enhancing the system integration facility. In FY23, the company raised further funds of 500 crores through QIP for the development of satellite, radar, electronic warfare, and communications products. As of March 31, 2023, 51.21 crores was unutilized from the IPO proceeds, and 462.73 crores was unutilized from the QIP proceeds. Technical Analysis: From a technical perspective, the regression channel pattern applied on the weekly timeframe indicates a breakout failure in September 2023, followed by another potential breakout. This could be an opportunity for long-term trend trading on an undervalued stock. Conclusion: Data Patterns (India) Limited is a leading defence and aerospace electronics solutions provider with a strong product portfolio, manufacturing facilities, and a diverse customer base. With ongoing projects in the defence sector and a focus on product development, the company is well-positioned for growth. The technical analysis suggests a potential breakout, which could be an opportunity for long-term investors.
NSE:DATAPATTNSLong
by stocktechbot
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.
NSE:DATAPATTNSLong
by Rokdevildivine
DATAPATTNSStock Name - Data Patterns INDIA Ltd. ✅#DATAPATTNS trading above Resistance of 2700. ✅Next Resistance is at 3290. ✅Moved 18% in week. Weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Master Score - B Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
NSE:DATAPATTNSLong
by tanwartarun50
DATAPATTNSStock name = Data Patterns INDIA Limited. Weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Master Score - B Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
NSE:DATAPATTNSLong
by tanwartarun50
Right time to Long (Datapattn)Must give space in your portfolio (10% to 20% in 20 days) Why ? Data Patterns (India) Ltd ABOUT Data Patterns (India) Limited 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 is in the 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, LightUtility Helicopter, BrahMos missile. KEY POINTS Leading Defence Oriented Company Data Patterns cater to the entire spectrum of defence and aerospace platforms like space, air, land, sea and under-sea. It has design capabilities across the entire spectrum of strategic aerospace and defence electronics solutions including processors, power, radio frequency and microwave equipment, embedded software and firmware and mechanical engineering. Product Portfolio Radars, Underwater electronics/communications/other systems, Electronic warfare suite, BrahMos programme, Avionics, small satellites, ATE for defence and aerospace systems, Commercial off-the-shelf (COTS). Leading product of the company is Radar with 54% contribution to the revenue. Manufacturing Facilities Company's manufacturing facility spans across 200,000 sq. ft factory built on 8.56 acres of land in Chennai. It has facilities for design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has EMS assembly capacity of 600 boards/day. The company has 1,130 employees with 700+ qualified engineers as on 31.3.23. They commissioned a New Manufacturing facility in Q4FY23. On-Going Projects The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH) and the BrahMos missile programme, precision approach radars and various communications intelligence (COMINT) and electronic intelligence (ELINT) systems. Key Customers Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO) and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover. Dependent on GOI Entities The company’s business is dependent on projects and programmes undertaken by GOI and associated entities such as defence public sector undertakings and government organisations involved in space research and Supply of products to prestigious defence projects in India Like LCA, the HAL Dhruv, LUH and the BrahMos missile programme. Data Patterns derives a significant portion (~45-50%) of its total sales from contracts with GOI entities. Order Book As of FY23, company's order book stood at Rs. 924.1 Cr. vs Rs. 476 Cr in FY22.In FY23, company had the highest-ever order inflow of Rs. 901 crores. The company got additional orders from April- May 2023 worth Rs 83.9 cr. **Liquidity ** Company has Cash and cash equivalents Rs.682.5 Cr as of 31.3.23. IPO Details In FY22, company raised 588 cr. through an IPO of which Rs. 240 cr. was a fresh issue and the remaining 348 cr. was an offer for sale. The IPO proceeds were utilized for: 1. Expanding manufacturing and testing facilities in Chennai and enhancing system integration facility. Out of the total fund raised, 51.21 crores was unutilized as on March 31, 2023. Investment through QIP in FY23 Company is making large investments in product development in Satellite, Radar, Electronic Warfare and Communications. It has raised further funds of Rs 500 Cr. through QIP for development of these products. Initially, these products will be introduced in the domestic market.The Company has issued and allotted 4,097,319 equity shares through QIP at an issue price of Rs.1,220.31/- on March 13, 2023. Out of the proceeds, Rs.462.73 crs is unutilized as on March 31, 2023. Change in Statutory Auditors Deloitte Haskins & Sells LLP were appointed as the statutory auditors in place of M/s. R.G.N. Price & Co. Fees for FY24 was decided at Rs47 lakhs exclusive of taxes and other expenses. CAPEX FY23 Company added Rs. 74.47 Crores to their gross block with capital expenditure, including Right to the Assets (ROU) of Rs.47.22 Crores on building & lease, Rs.10.77 Crores on technology infra, Rs.16.48 Crores on physical infra and the balance Rs.1.03 Crores on intangible asset addition. If you make profit, don't forget me (+919955150786) Gift a pitza😎
NSE:DATAPATTNSLong
by InvestwithJohar
Data Patterns trying to breakout and form a positive pattern. Data Patterns (India) Ltd. is among the few vertically integrated defense and aerospace electronics solutions providers catering to the indigenously developed defense product industry. It is one of the fastest-growing companies in the Defense and Aerospace Electronics sector in India. Data Patterns (India) Ltd CMP is 1978.55. The Negative aspects of the company are High Valuation (P.E. = 74.7). Declining cash from operations and MFs decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, and improving annual net profit. Entry can be taken after closing above 1996. Targets in the stock will be 2045 and 2115. The long-term target in the stock will be 2181 and 2253. Stop loss in the stock should be maintained at Closing below 1840. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:DATAPATTNS
by Happy_Candles_Investment
Comprehensive Analysis of DATAPATTNS (NSE: DATAPATTNS)Technical Overview: 1. Support and Trend Analysis: The weekly chart for DATAPATTNS indicates a strong technical setup. The recent candle has found Support at the Rising Trendline, reinforcing the presence of a robust support level. This suggests a potential continuation of the prevailing uptrend. 2. RSI Support and Bullish Momentum: The support observed on the Relative Strength Index (RSI) aligns with the price action, indicating a synchronicity between momentum and price. A bullish momentum is suggested, reflecting positive investor sentiment. Trade Execution Strategy: 1. Entry: Consider initiating a long position at the current market price (CMP) of 1904. This entry point is selected based on the support at the Rising Trendline and the indication of bullish momentum from the RSI. 2. Stop Loss Placement: Set a stop loss at 1820 to mitigate potential downside risks. This level is strategically chosen to allow for minor price fluctuations while acting as a protective barrier against significant adverse movements. 3. Target Setting: Set a target at 2020, reflecting the potential upside as suggested by the support at the Rising Trendline. This level is aligned with the technical dynamics observed in the chart. Risk Factors and Considerations: 1. Market Dynamics: Acknowledge that broader market conditions and unforeseen events can impact individual stock movements. Stay informed about market trends and events that may influence DATAPATTNS. 2. Risk-Reward Evaluation: Evaluate the risk-reward ratio of the trade. Confirm that the potential reward justifies the assumed risk, adhering to the principle of maintaining a favorable risk-reward profile. 3. Continuous Monitoring: Regularly monitor the trade for any changes in the technical setup or unexpected market developments. Be prepared to adjust the strategy based on evolving conditions. Conclusion: The technical analysis suggests a favorable opportunity in DATAPATTNS, marked by strong support at the Rising Trendline and indications of bullish momentum. While the setup appears promising, it's important to approach the trade with a comprehensive risk management strategy and stay vigilant for any changes in the technical landscape. Trading involves uncertainties, and a disciplined approach is essential for navigating potential risks effectively.
NSE:DATAPATTNSLong
by yaashul
A Strong Reversal Breakout StockDATAPATTNS looks like it's about to turn around: 1. Moving Average Move: - The stock is breaking through the 50-day average, suggesting a shift in its recent trend. 2. Big Volume Boost: - Lots of people are trading it, showing a lot of interest and confidence in a possible change in direction. 3. Bouncing Back: The stock is bouncing off a price level where it has stayed strong before. 3. Risk and Reward: Candlestick Clue: Keep an eye out for a special candle shape indicating a big market sentiment change. If the lowest point of that candle holds, it's a good sign. For those starting out in stocks, DATAPATTNS seems like an interesting possibility. Anything you need to ask? Here is me : 8800611235. #stocks #trading #investing
NSE:DATAPATTNSLong
by Trendx2