Comments
The stock of Datamatics Global Services hit a record high of ₹699 on Tuesday before closing the session at ₹676.3. The scrip has been in a steady uptrend since May when it started to rally on the back of the support at ₹300. The price rising by over two times is an indication of a strong bull trend.
Given the current momentum, we anticipate more on the upside. At least, the stock will most likely touch ₹700 on Wednesday, making it a good intraday buy. So, we recommend buying shares of Datamatics Global Services at the current level of ₹676. Place stop-loss at ₹660. Book profits at ₹700. If the stock opens with a gap-up, wait for the price to soften to ₹676 before going long. Do not trade if it opens below ₹660.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.