Jay Pattanaik Profile picture
Jan 1, 2022 13 tweets 5 min read Read on X
New Year Pick - #DATAPATTNS #datapattern
CMP 760 on 31st Dec 2021, Expecting it minimum of 3x by 31st Dec 22.
Discloser – I have in my portfolio, I may have bias.
1. DATAPATTNS - Upper limit of issue price was 585, available Rs 175 higher than CMP 760 on 31st Dec 2021.
2. Q1(Mar) company gets 90% of its revenue remaining three Qtr 0-10%. #DATAPATTNS #datapattern
3. Alphas
(a) Chairman and MD Srinivasagopalan Rangarajan @Data_Patterns energy-level, involvement, aspiration, and transparency. He is an IIT-Madras graduate.
(b) Issue price valued at ~49x of FY21 earnings, #MTAR is 149x, #Paras is 150x and #AstraMicrowave is 78.38x
(c) Moat - Entry barrier, Trust for the components & products, Capital intensive industry, Proprietary Designs & develpmt. Entry barriers can be broken by tying up with foreign brands, make in India will restrict it.
(d) Certified Manufacturing Facilities having Internatnl stds.
(e) Progression from components to full production Model.
(f) Sustained high capital-intensive projects since 1998, shows the intention of mgmt.
(g) Developmental cost is covered by production cost and reusing in newer projects production contracts.
(h) Revenue from repeat orders, AMCs, training.
(i) Atam Nirbhar Bharat, Defence Negative list, and GFR-2017 will act as a catalyst.
(j) Rs. 581.3 crores Order Books lined up.
(k) Currently engaged in the supply of products to LCA (Tejas Mk I A), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile program, and in each of these projects, the company’s products are critical in nature.
(l) ESG compliant.
4. Red-Flags
(a) Concentrated clients mostly G2G, PSU, Defence, Brahmos, and a few Satellites companies.
(b) 60.80 Cr Debt, 26.2% Shares of MD pledged with SBI. IPO proceeds will be used to repay.
(c) Receivable average 224 days, LT is struggling due to this.
(d) Significant Working Capital Requirements.
(e) Changes in Raw material Prices.
(f) Tenders and biddings are usually subject to intense price competition.
Here is the inside view of Data Pattern Company @Data_Patterns
#DATAPATTNS #datapattern

#DATAPATTNS #datapattern Benefits with this done deal. The Philippines government recently allocated 2.8 billion pesos ($55.5 million) for initial funding for the BrahMos cruise missile. hindustantimes.com/india-news/don…
India likely to sell BrahMos to Vietnam too. Rajnath assures Vietnam for modernizing its armed forces. India is in talks with Vietnam, which has maritime border issues with China, interested in acquiring BrahMos. Nothing in black and white but expecting the deal to be signed.
Comparison of #DataPatterns with Peers Image

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More from @jaykpattanaik

Jun 11, 2023
1/11: The High Tight Flag (HTF) pattern, also known as Powerplay, indicates a potential strong upward movement in price after consolidation. It consists of a sharp price surge (pole) followed by a tight consolidation (flag) and breakout. #HighTightFlag #Powerplay Image
2/11: Anatomy of HTF:
Flagpole: Unusual surge in price and volume within a short time.
Flag: Consolidation phase with a narrow trading range and lower volume.
Sloping Flag: It may exhibit a slight downward slope.
Duration: Typically lasting weeks to months.
3/11: Key Characteristics of HTF:
-Not solely dependent on strong fundamentals.
-Occurs due to special situations or unexplained strength.
-Less influenced by the general market.
-Works with any instrument and time frame.
-High reward-to-risk ratio, daily returns averaging 2-5%.
Read 12 tweets
Aug 27, 2022
Don't know or understand or confident in technical analysis. Sharing here the easiest way to apply technical. I will share recent, 47 scripts which have touched ATH due to these conditions:
Conditions for trading ATH counters:
1. More number of upward curves at ATH, even without price contractions. Not to be confused with VCP but if it has VCP footprints, best case scenario.
2. RSI above 70, if nearing 80 is the best case scenario.
3. Bullish RSI divergence confirms the breakout at pre-breakout.
4. Increased volume activities, even red candles are included.
5. Time for the maturity of the trade will be from 1 - 5 months.
6. Keep time SL or SL also in place in order to switch to new trade.
Read 34 tweets
Jan 9, 2022
Magic of IPO Listing High/Base Break-Out

Reasons for BO:
1. Entry of Fund House
2. Delivered as mentioned by Mgmt.
3. New favouring Govt Policies.
4. Need of hours of the product.
Types of IPO BO Candidate. Three kinds:
#IPO_Candidate_1 - Premium Listing followed by 15-45% corrections. 2-4x Potential after listing high BO, Time-frame – 1yr. e.g. #INDIAMART #HAPPSTMNDS #MTARTECH #POLYCAB #ANURAS #AFFLE
Read 15 tweets
Jan 8, 2022
#LXCHEM A gain of 33.33% is due. Seen making a base around 426, moving in a tight band (421 to 441), needs to break the upper limit(451), or lower limit(406) for confirming the move on either side. Negotiation of final at resistance(464) or support(392) will decide future course.
The move upward or downward is not clear as of now, but from the range, it is evident that the operator was keeping it in a band of 426 to 441 with very low volume, for 2 months plus. The stock was in ASM + circuit limit of 5% was a big spoiler.
Since the stock has come out of ASM yesterday, from the tight range it can be assumed that the counter should move northwards but may be to shake the existing stockholders or new entrants based on ASM news the operator might do some shake outs on either side.
Read 4 tweets
Jan 2, 2022
Magic of Multi-Year Breakout
1. It is well-established fact any counter which gives a multi-year breakout, it gives exponential returns in the shortest time frame.
2. Pre-requisites for Multi-Year Breakout
(a) Turn around in company philosophy and/or management and/or profit generation.
(b) Govt Policies e.g. Ethanol blending, scrappage policy, make in India, various PLI schemes. #Multi_Year_Breakout
2. Pre-requisites for Multi-Year Breakout - Contd...
(c) Crisis e.g. Covid, Semiconductor shortages.
(d) Brownfield or Greenfield investment starts paying.
(e) Market maturity e.g. Rising interest in platforms business #Multi_Year_Breakout
Read 48 tweets
Jul 21, 2021
Price-volume relationships can tell, 4 major things. A study of volume bar is a must to confirm candle patterns. Image
BO trades may not be cutting it in the present market as reversal trades take the spotlight. Join me as we explore the conditions for a successful reversal trade with a live example.
#reversaltrading #Breakout_Failures #Technical_Learning
Conditions for Taking Reversal Trades:
#reversaltrading #Breakout_Failures #Technical_Learning Image
Read 6 tweets

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