DATAPATTNS - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a detailed breakdown of the technical setup for Data Patterns India Ltd (DATAPATTNS)

📉 Trend Analysis

Current Price: ₹2,550 is below both the 50 DMA (₹2,741) and 200 DMA (₹2,475), indicating short-term weakness and a potential downtrend.

Trend Status: The stock is reversing from its previous highs and showing signs of bearish momentum.

📊 Momentum Indicators

RSI (34.1): Approaching oversold territory (<30), suggesting limited downside and potential for a short-term bounce.

MACD (-79.7): Deeply negative, confirming bearish momentum and lack of buying strength.

Volume: Current volume (1.6L) is below the 1-week average (2.34L), indicating weak participation and low conviction in recent moves.

📈 Moving Averages

Indicator Value Signal

50 DMA ₹2,741 Price below – Bearish

200 DMA ₹2,475 Price slightly above – Neutral to Weak Support

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 ₹2,475 Near 200 DMA – watch for bounce

Support 2 ₹2,350 Previous consolidation zone

Resistance 1 ₹2,741 50 DMA – strong overhead resistance

Resistance 2 ₹2,900–₹3,000 Psychological barrier and prior breakdown zone

📍 Entry & Exit Zones

Optimal Entry: ₹2,475–₹2,500 (if RSI dips below 30 and volume picks up)

Exit Target: ₹2,740–₹2,900 (if reversal confirms with MACD crossover and RSI > 45)

🔍 Chart Pattern Insight

No clear bullish reversal pattern yet.

Price action suggests a pullback within a broader downtrend from the 52-week high of ₹3,269.

Watch for trendline resistance near ₹2,750.

🧭 Summary

Technical Bias: Bearish to Neutral

Momentum: Weak, but nearing oversold

Trend: Reversing from highs

Suggested Strategy: Wait for confirmation of reversal before entering. Ideal for short-term swing if support holds and indicators improve.

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