DATAPATTNS is showing a bullish move at an ascending channelData Patterns (India) LimitedNSE:DATAPATTNSnharinarayan14DATAPATTNS has been in a sustained bullish trend for several months and has recently found support at the lower boundary of its ascending channel on the daily timeframe, reinforcing the likelihood of continued upward momentum. Additionally, the sectoral index, NIFTY_IND_DEFENCE , has retested its all-time-high with a morning star pattern , providing further confirmation of relative strength among the sectors and supporting the top-down approach. The Daily RSI(14) at 47.51 is also indicating a bullish reversal signaling a potential formation of a higher low with a fresh leg up. The stock has currently tested its 50-day EMA with a hammer and a support at its previous broken resistance (Change in polarity) reinforcing the bullish setup. With a move above 4355, DATAPATTNS could potentially move towards 4660. Consider entering above the high of the hammer with a stoploss at 3800 on a daily closing basis. Key Support Levels: 4230,4140,3800. Targets: 4660,4930.5 Disclaimer: Investments in the securities market are subject to market risks, read all related documents carefully before investing. Securities quoted here are exemplary, not recommendatory. I am not a SEBI registered financial advisor, please consult your financial advisor before investing. Please note that I do not guarantee any assured returns for the securities quoted here. Stay updated with my latest trading ideas and market analysis by following me on TradingView. Hari Narayan N Chartered Market Technician (CMT – All 3 Levels Cleared)