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AALGO BREATHS I SEBI RA

19th Feb · SEBI-Registered Analyst

DATAPATTNS
Data Patterns (India) Ltd – Strong Recovery After Sharp Correction (Daily Chart) After a steep sell-off, the stock has shown a sharp V-shaped recovery and is now trading near a crucial resistance cluster. 🔎 Technical Observations: Strong bounce from ₹2,200–₹2,250 demand zone Price reclaiming 20 & 50 EMA Higher highs & higher lows forming (short-term uptrend) Bollinger Bands expanding (volatility expansion) RSI moving into bullish zone (above 60) Momentum indicator showing strong positive crossover Volume expansion during breakout candles 🔑 Key Levels to Watch: Immediate Resistance: ₹2,950–₹3,000 Major Resistance: ₹3,100–₹3,250 Immediate Support: ₹2,775 Major Support: ₹2,600–₹2,450 📈 Bullish Scenario: Sustained close above ₹3,000 can trigger further upside towards: ₹3,100 ₹3,250 ₹3,400+ ⚠️ Caution: Failure to sustain above ₹2,775 may lead to consolidation or pullback toward ₹2,600 zone. Structure currently favors bulls unless key support breaks. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS

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