Digital Technologies Co. Stock given Breakout with huge Volume

1 Sep

Hello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a stock which has given a breakout of symmetrical triangle pattern with huge volume spike, generally whenver you see huge volume on the same day of breakout you can consider that as a healty breakout of that perticular company. Stock name Datamatics global services Ltd, and it is a Digital Technologies, Digital Operations, and Digital Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage. Datamatics enables enterprises to combine various relevant Digital Technologies to improve productivity and customer experience to build sustainable competitive advantage.

Technically stock has given breakout of symmetrical triangle pattern and stock is sustaining above to breakout levels and currently it is above to 200-DEMA, which is a good sign of bullish reversal. MACD also suggesting a bullish crossover.
Note:- I have not placed MACD & 200-DEMA on chart to make chart crytal clear.

Fundamentally stock is really awesome, companies management is very good, they understand the business very well, as there is too much competitions in their business but still they are surviving like a leader in sector. It is really a good bet for long term as welll as short term. if you are planning to invest for long term, then i will suggest you to go and start SIP in this. For short term to medium term targets and stop loss, i already have mention on chart above. Please follow stricly.

Market Cap
₹ 4,088 Cr.
Current Price
₹ 693
High / Low
₹ 792 / 450
Stock P/E
21.7
Book Value
₹ 208
Dividend Yield
0.72 %
ROCE
21.2 %
ROE
16.6 %
Face Value
₹ 5.00
Industry PE
40.7
Debt
₹ 17.4 Cr.
EPS
₹ 31.6
Promoter holding
66.4 %
Intrinsic Value
₹ 382
Pledged percentage
0.00 %
EVEBITDA
14.3
Change in Prom Hold
0.00 %
Profit Var 5Yrs
20.8 %
Sales growth 5Years
6.46 %
Return over 5years
57.3 %
Debt to equity
0.01
Net profit
₹ 186 Cr.
ROE 5Yr
15.6 %
Profit growth
-4.54 %
Earnings yield
6.08 %

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.