Data Patterns (India) Limited: The Recovery Play

shows a high-conviction recovery following a period of correction. After hitting a local bottom around ₹2,131, the stock has staged a massive comeback. It has successfully reclaimed both its short-term and long-term Moving Averages. The current price of ₹2,723.70 shows the stock is now testing a previous supply zone. There is a significant surge in volume (3.56M) on the latest green candle. This indicates "Institutional Buying," where large players are entering the stock, usually a very bullish sign for further upside. Resistance: The immediate hurdle is at ₹2,800. If it clears this, the next target is the previous high near ₹3,215. Strong support is now established at ₹2,600 (Red MA line) and ₹2,550. The momentum is very strong. As long as it stays above ₹2,600, the trend remains "Buy on Dips." The Above Charts are for educational and informational purposes only. It should not be considered as professional investment advice or a "Buy/Sell" recommendation.