Paras defence is a stock from defence manufacturing sector.
Stock has formed inverted head and shoulders pattern.
Risky traders can enter before breakout for better risk reward.
Stock will fly once the neckline is crossed. Decent stock for long term as defence sector is major beneficiary of India's Make in India program.
Redington needs to hold 160 levels to keep this counts valid & a day close above 183 will gain momentum.
This Stock is in Larger degree Wave 3 so keep riding the trend.