DATAPATTNS: Rebound Attempt Below the 50-Day Average
DATAPATTNS
closed at ₹4,513 on 18 September, gaining 2.3%. The stock has rebounded from the recent fall towards ₹4,300, but the recovery is still facing resistance from the longer moving average.
The 20-day moving average is at ₹4,493, and price has moved back above it.
The 50-day moving average, however, is higher at ₹4,604. This creates a clear decision zone: holding above ₹4,493 keeps the rebound alive, while a sustained move above ₹4,604 would provide stronger evidence that the correction is ending.
₹4,400 is the immediate support, followed by the recent low near ₹4,300. On the upside, ₹4,604 is the first hurdle and ₹4,700 is the next important zone.
DATAPATTNS remains in a broader uptrend, but the current move is still a recovery attempt until price reclaims the 50-day average.