Data Patterns (India) Ltd – Technical View

📊 Data Patterns (India) Ltd – Technical View After forming a short-term top, the stock witnessed a sharp decline and is now moving inside a Rising Wedge, which is generally a bearish continuation pattern in a broader downtrend. Price is hovering near the 20-DMA, but remains below the major falling trendline, indicating supply at higher levels. 🔹 Resistance: ₹2750–2780 (trendline & EMA zone) 🔹 Support: ₹2650 | Major: ₹2550 🔹 RSI: 55–57, showing recovery but facing resistance 🔹 Volume: Lacks strong breakout confirmation 📉 Bias: Sell on rise unless a decisive breakout occurs. 📉 A breakdown below ₹2650 may lead to further downside towards ₹2400–2350. 📜 SEBI Regd RA | AALGO BREATHS (INH000019886) ⚠️ Educational only