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DATAPATTNS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | DATAPATTNS | Market Cap | 14,318 Cr. | Current Price | 2,557 ₹ | High / Low | 3,269 ₹ |
| Stock P/E | 61.4 | Book Value | 275 ₹ | Dividend Yield | 0.31 % | ROCE | 21.0 % |
| ROE | 15.2 % | Face Value | 2.00 ₹ | DMA 50 | 2,599 ₹ | DMA 200 | 2,612 ₹ |
| Chg in FII Hold | 0.14 % | Chg in DII Hold | 0.48 % | PAT Qtr | 49.2 Cr. | PAT Prev Qtr | 25.5 Cr. |
| RSI | 47.3 | MACD | -46.1 | Volume | 20,73,752 | Avg Vol 1Wk | 16,82,216 |
| Low price | 1,350 ₹ | High price | 3,269 ₹ | PEG Ratio | 1.93 | Debt to equity | 0.00 |
| 52w Index | 62.9 % | Qtr Profit Var | 62.4 % | EPS | 41.7 ₹ | Industry PE | 56.2 |
📊 Technical Analysis
- Chart Patterns: DATAPATTNS is trading at 2,557 ₹, below its recent high of 3,269 ₹, showing weakness after a rally. Price action suggests sideways consolidation with bearish undertones.
- Moving Averages: Current price is slightly below both 50 DMA (2,599 ₹) and 200 DMA (2,612 ₹), confirming short-term weakness.
- RSI: At 47.3, the stock is neutral, neither overbought nor oversold.
- MACD: Negative (-46.1), reinforcing bearish crossover and weak momentum.
- Bollinger Bands: Price is near the mid-to-lower band, indicating consolidation with mild bearish bias.
- Volume Trends: Current volume (20.73L) is higher than 1-week average (16.82L), showing increased participation despite weakness.
📈 Momentum & Signals
- Short-Term Momentum: Weak, with potential for consolidation breakout if buying interest sustains.
- Support Zones: 2,500–2,520 ₹ (near-term support), 2,350 ₹ (strong support), 1,350 ₹ (long-term support).
- Resistance Zones: 2,599 ₹ (50 DMA), 2,612 ₹ (200 DMA), 2,700–2,750 ₹ (major resistance).
- Optimal Entry: Around 2,500–2,550 ₹ if support holds.
- Optimal Exit: 2,600–2,700 ₹ range, unless breakout above 2,750 ₹ confirms reversal.
- Trend Status: Currently consolidating with bearish bias; reversal possible only if price sustains above 2,600–2,700 ₹.
✅ Positive
- Strong ROCE (21.0%) and ROE (15.2%) indicate efficient capital use.
- Debt-free balance sheet (Debt-to-equity 0.00) ensures financial resilience.
- PAT improved significantly from 25.5 Cr. to 49.2 Cr., showing strong earnings growth.
- EPS of 41.7 ₹ reflects solid profitability.
- FII (+0.14%) and DII (+0.48%) holdings increased, showing institutional support.
⚠️ Limitation
- High P/E (61.4) compared to industry PE (56.2), suggesting mild overvaluation.
- PEG ratio (1.93) indicates growth is priced expensively.
- MACD negative and price below both DMAs confirm short-term weakness.
- Dividend yield of 0.31% is low, offering limited income support.
📉 Company Negative News
- Despite strong PAT growth, valuation remains stretched with high P/E.
- MACD and DMA signals show short-term bearishness.
📈 Company Positive News
- PAT surged from 25.5 Cr. to 49.2 Cr., reflecting strong operational performance.
- EPS of 41.7 ₹ highlights profitability strength.
- Institutional holdings (FII & DII) increased, showing confidence.
🏭 Industry
- Industry P/E is 56.2, slightly lower than DATAPATTNS’s 61.4, suggesting mild overvaluation.
- Defense and aerospace sector remains growth-oriented, supported by government contracts and global demand.
📝 Conclusion
- DATAPATTNS is fundamentally strong but technically consolidating with bearish bias.
- Stock may see a relief rally if support near 2,500 ₹ holds and price sustains above 2,600–2,700 ₹.
- Best strategy: Accumulate cautiously near 2,500–2,550 ₹ with exit around 2,600–2,700 ₹ unless breakout above 2,750 ₹ confirms reversal.