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Defencestock

Paras Defence Technical Analysis🚀 Paras Defence & Space Technologies Ltd – Weekly Chart Analysis The stock is showing signs of a potential reversal after consolidating near key support zones. 🔎 Technical Observations Price Action: After a prolonged decline from the highs, the stock has stabilized around the ₹640–660 support region. The recent weekly candle indicates buying interest, with bulls defending key support levels. Sustained strength above the ₹700 zone can accelerate momentum towards higher levels. Risk–Reward Setup: The chart shows a favorable long setup with a potential upside of 20–35%. 📌 Trading Plan Entry Zone: ₹680 – ₹700 Stop-Loss: ₹640 (weekly close basis) Target 1: ₹820 – ₹825 Target 2: ₹930 – ₹950 ⚠️ Key Notes The ₹640–650 zone is acting as a strong support; holding this level is crucial for the bullish setup. A breakout above ₹700 with volume confirmation will strengthen the momentum towards Target 1. 📢 Conclusion Paras Defence is forming a bullish setup on the weekly timeframe with a good risk-to-reward ratio. If the stock sustains above ₹700, a strong move towards ₹820 and later ₹930+ looks possible. Traders should keep a strict stop-loss at ₹640 to protect capital.
NSE:PARASLong
by earnwhileulearn
1
Nifty - Sellers have applied their brakes! On Friday’s red candle, buyers actually beat sellers by 26 million in volume. And exactly as expected, that showed up today – market gave the move. If you understand price and volume analysis in NSE:NIFTY , you’ve already cracked 90% of the game. The rest is just how well you execute and manage your psychology. #LearningIsEarning Now about today’s move – Nifty again saw buyers ahead of sellers by 60 million volume. But honestly, I’m a bit doubtful about this rally. It looks more like short covering from last week’s positions. Many traders closed early because Friday is off for Independence Day – fewer days left for options traders this week. My view remains – sell on rise. Options data still suggests bounce till 24800 If Nifty crosses 24635 tomorrow, it can head to 24800 and even 25000 in the coming days. I’ll be watching that resistance closely. Support from intraday perspective is around 24450. NSE:BANKNIFTY can also follow through till 55575 in the next few days if it breaks 55650. For sectors, keep NSE:CNXPSUBANK , NSE:CNXIT and NSE:NIFTY_IND_DEFENCE on the radar. That’s all for today. Take care and have a profitable tomorrow.
NSE:NIFTY
by Trendxinc
1
Nifty and Banknifty both giving good sign Yesterday, I spotted stopping volume in NSE:NIFTY — and that’s a good sign. Nifty gave a strong bounce by the end of the day, which shows buyers stepping in. Though sellers' volume is still high — above 50 million — the price action looks encouraging. Today, Nifty’s Pivot is at 24,657 Pivot Percentile is just 0.03%, which means we can expect a trendy move again — either up or down, depending on where it breaks. Intraday Support: 24,588 Intraday Resistance: 24,733 If the resistance breaks and Nifty holds above it, we might see a strong bounce today. NSE:BANKNIFTY also looks bounce-ready on the intraday chart. But only if the support at 55,095 holds well. Can clearly see stopping volume on the 15-minute chart, which is a positive signal. Sector Watch: Yesterday, I saw good movement in NSE:NIFTY_IND_DEFENCE , NSE:CNXAUTO , and Fertilizer sectors. Keep an eye on them for short term trade opportunities. Yesterday, I traded NSE:FORCEMOT and it gave a move of 4%+. Still holding the position. That’s all for today. Stick to your setup, follow your plan. Take care and have a profitable day ahead!
NSE:NIFTYLong
by Trendxinc
1
IDEAFORGE: Trendline breakout for bullish run.A single-line resistance trendline will be tested again. This time, the RSI has given the breakout and is nearing the 50 mark, signalling bullish sentiment. Upside targets are 535, 587. Entry on breakout of trendline and breach of high at around 464. The rejection of this trendline, which is less likely to happen as of now, will take the price back to the low of 304. Keeping the current geopolitical issues in mind, defence stocks are likely to be in demand.
NSE:IDEAFORGELong
by AbsoluteAnalytics
BEML LTD: Bulldozing Its Way to New Heights!BEML LTD: Bulldozing Its Way to New Heights! Technical Analysis: Trend: BEML is on a bullish rampage, charging upwards like a bull in a china shop... if the china shop were full of profit opportunities! Breakout: The stock just smashed through resistance at 4,777.90, showing more strength than a bodybuilder at a protein shake convention. Support: Previous resistance now acts as support. If BEML were a superhero, 4,777.90 would be its trusty sidekick, always there for backup. Volume: Increasing volume confirms the uptrend. Traders are piling in faster than kids at an ice cream truck on a hot summer day! Price Action: Strong bullish candles suggest momentum. BEML is painting the chart green like it's trying to win a St. Patrick's Day parade. Fundamental Factors: BEML, a defense equipment manufacturer, likely benefiting from increased government spending. Infrastructure push in India could be fueling demand for BEML's construction equipment. Risks: Overbought conditions may lead to a pullback. Even rocket ships need to refuel sometimes! Keep an eye on broader market sentiment and sector-specific news. Trade Idea: Consider long positions with a stop loss below the breakout level. Target the psychological 5,500 level. Remember, folks, investing is like cooking - it's all fun and games until someone loses their dough. Always use proper risk management! Disclaimer: This analysis is for educational purposes only. Do your own research before making investment decisions. And remember, the market has more mood swings than a teenager, so trade wisely!
NSE:BEMLLong
by TRADING-NASA