🛰️ Data Patterns Retests AVWAP — Wave 3 Ready to Launch?

Data Patterns has completed a textbook Elliott Wave correction and now sits right at the AVWAP support, a high-conviction zone for long-term trend resumption. The next impulse could be powerful. 📊 Technical + Fundamental Analysis 🔹 Elliott Wave Structure Wave 1 topped near ₹3758. Deep correction into Wave 2 found support around ₹1330. Strong V-shaped rally suggests Wave 3 is in progress. Currently consolidating after Wave 3 sub-wave 1 — next impulsive rally may begin soon. 🔹 AVWAP Support Zone Price is retesting the AVWAP from Wave 2 low (around ₹2538), acting as a dynamic support. Holding this level confirms institutional buying interest and accumulation. 🔹 Fibonacci Confluence Price bounced from the 38.2% Fib retracement of Wave 1–2 rally, reinforcing bullish bias. Target for Wave 3 can be projected towards ₹3750–₹4100. 💼 Fundamental Snapshot Strong order book from defense and space sectors. High ROCE (>20%), scalable model, and asset-light operations. Margins have remained resilient even in downturns — strong sign of pricing power. Strong alignment with India's defence indigenisation mission and Make-in-India initiatives. ✅ Conclusion This is a low-risk, high-reward zone for medium to long-term investors. With Wave 3 likely to unfold, and price hugging AVWAP support, Data Patterns could lead the next leg in the defense rally.