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Threetrend Research

21 mins ago · SEBI Registration INH000022729

Technically, the stock has witnessed a strong bullish

DATAPATTNS Technically, the stock has witnessed a strong bullish recovery, gaining 8.67% and closing at ₹4,025 with a strong green candle, indicating fresh buying interest after the recent correction. The price has reclaimed its 21-day EMA (₹3,984) and 200-day EMA (₹3,927), which are acting as immediate support zones, but it is still trading below the 50-day EMA (₹4,148) and 100-day EMA (₹4,174). A sustained move above ₹4,150–₹4,175 could strengthen the bullish momentum, while ₹3,925–₹3,985 remains an important support zone. Fundamentally, Data Patterns is a defence and aerospace electronics company involved in radar systems, electronic warfare, avionics and communication systems. In its latest Q2 FY27 results, revenue declined 56.7% YoY to ₹133.25 crore and net profit fell 55.3% to ₹21.97 crore, which is a concern; however, the company received fresh orders worth ₹929 crore during Q2, taking H1 order inflows to ₹1,046 crore, while its order book, including negotiated orders, reached approximately ₹2,697.83 crore. Management has maintained its FY27 growth guidance and expects stronger execution in the second half. Overall, strong order inflows and defence-sector opportunities provide long-term business visibility, but investors should monitor revenue execution and profitability recovery alongside the technical breakout.

#TechnicalViews#FundamentalViews
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