DATAPATTNS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of DATAPATTNS (Data Patterns India Ltd.)

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹2,637) and 200 DMA (₹2,504), confirming a bullish structure.

RSI at 65.5 is in bullish territory, nearing overbought levels.

MACD at 48.1 shows strong positive momentum.

📈 Technical Indicators

Moving Averages

Price (₹2,841) > 50 DMA (₹2,637) > 200 DMA (₹2,504): Golden crossover confirmed

RSI (65.5)

Bullish zone. Approaching overbought, but still has room for upside.

MACD (48.1)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price near upper band, indicating strength but also short-term resistance.

Volume Trends

Current volume (3.82L) < 1-week average (6.61L): Momentum slowing slightly

Suggests consolidation or mild profit booking.

🔍 Short-Term Momentum Signals

Bullish Bias with Mild Caution

MACD and price action support continued upside.

RSI suggests strength but warns of potential short-term pullback.

DII inflows (+0.72%) add to sentiment; FII holding steady.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 2,637 50 DMA, short-term base

Support 2 2,500 Psychological support

Resistance 1 2,950 Minor psychological barrier

Resistance 2 3,100 Recent swing high

Resistance 3 3,269 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹2,630–₹2,680 (on dips near 50 DMA)

Exit Zone: ₹3,100–₹3,269 (partial profit booking)

Aggressive Target: ₹3,400+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD and RSI

Outlook: Favorable for swing trades; breakout above ₹2,950 could trigger next rally

Valuation: High P/E (74.2) vs industry (75.3), strong ROE/ROCE, zero debt, and solid fundamentals despite recent profit dip

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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