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Technicals for Data Patterns (India) Limited
By MusingTheNews
2025-04-25 20:31
Overall Technical outlook
Price Summary
DATAPATTNS's shares experienced a significant -2.59% fall, indicating a mediocre market performance. On 2025-04-25, DATAPATTNS's stock opened at 2142.1, reached a peak of 2156.7, dropped to 2030.0, and ended -2.59% down at 2086.6, with a volume of 1086942 shares. The stock reached its highest price of 3395.2 and lowest price of 1411.6 over the last 52 weeks. The price projection is between 1951.0 and 2690.0, with an average expected price around 2345.1667, according to 6 analysts.
Technicals
Support and Resistance: At 2086.6, the price is held up by support at 2066.0 and faces resistance at 2191.9 for DATAPATTNS. This suggests a trading range where 2066.0 provides a base and 2191.9 limits upward movement. Support/Resistance for DATAPATTNS
Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Aroon chart for Data Patterns (India) Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position for Data Patterns (India) Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Bolinger Bands chart for Data Patterns (India) Limited
Parabolic SAR: The PSAR maintains a bullish outlook, reinforcing a support level that could help uphold the market's upward trend. This suggests that the market is likely to continue climbing, with the support providing a solid base for further gains. Parabolic Stop and Reverse chart for Data Patterns (India) Limited
Stochastic: The stochastic indicator shows the K-line below the D-line and above 80, pointing to the potential onset of a bearish price move. This setup could indicate that the market's recent gains are starting to reverse, possibly leading to a downturn. Traders should monitor this closely for further bearish signals. Stochastic chart for Data Patterns (India) Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Tripple SMA chart for Data Patterns (India) Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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