Paras Defence (Weekly Chart Analysis)

1. Pattern Identification Strong Cup & Handle / Large Rounding Base Breakout visible on the weekly chart. Resistance around ₹950 has capped price multiple times since mid-2025. After nearly a year of consolidation, price has finally returned to the neckline area. Current candle is showing a fresh breakout attempt above a major supply zone. 2. Breakout Zone Major resistance: ₹945–950 Current price: ₹966 Price is trading above the breakout level, but a weekly close above ₹950–975 would provide stronger confirmation. 3. Measured Move Targets Cup Depth: Neckline ≈ ₹950 Cup Bottom ≈ ₹600 Depth ≈ ₹350 Targets after confirmed breakout Target 1: ₹1,150–1,200 Target 2: ₹1,300–1,350 Target 3: ₹1,500+ (extended target) The arrow you've drawn toward ₹1,250–1,300 aligns well with the classical measured move.