Data Patterns (India) Limited (Monthly Chart)

CMP: ₹3,044 Breakout Level: ₹3,260 Pattern: 2-Year Cup Formation 🟢 High Timeframe Setup – Very Powerful This is a clean multi-year rounding base: Left top: ~₹3,250–₹3,300 Bottom: ~₹1,400–₹1,500 Right side recovery almost complete Price is now just below all-time high resistance. This is exactly how institutional accumulation looks on monthly timeframe. 📐 Measured Move Cup depth ≈ ₹1,800 Breakout projection: ₹3,260 + ₹1,800 ≈ 🎯 ₹5,000–₹5,200 Your marked 55% move aligns perfectly. 📊 EMA Structure (Monthly) ✔ Price above 26 & 52 EMA ✔ 225 EMA rising strongly ✔ Long-term structure intact No structural damage during correction — just time consolidation. 🧠 What This Means This is not a short-term trade. This is a positional, high timeframe breakout candidate. Once ₹3,260 is taken out on monthly closing basis: → New price discovery → Momentum funds enter → Likely sustained move 🔑 Key Levels Support: ₹2,700 ₹2,400 (major support) Resistance: ₹3,260 (critical) Invalidation: Monthly close below ₹2,400 weakens structure. 🚀 Sector Context Defence theme remains structurally strong in India: Order book visibility high Policy push Capex cycle ongoing This is among cleaner chart structures in defence space. 📌 Professional View This is a “Buy on breakout above ₹3,260” setup. Aggressive investors can accumulate partial position near ₹2,900–₹3,000 Conservative investors wait for confirmed breakout.