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.
*Swing Trade * Buy Mazagaon Dock Between 2000-2022 SL 1882 SL Target 1: 2400 - 1:2 RR Target 2: 2800 - 1:4 RR SL is around Rs 200 so manage quantities as per your risk rewards
Trendline breakout + rounding bottom + flag Bullish above 554 Targets 564- 582 - 600-08 - 627- 652- 670++ SL 500
Two scenarios possible in the stock HAL , a possible downmove towards 2660-2670 levels which is a major support zones Scenario 1 : A possible bottom formation at support zones of 2660-70 and stock can resume its uptrend and also towards 3000 levels Scenario 2 : A breakdown of support zones 2660 levels will confirm a double top formation in the stock and can fall...
Mtar Technologies gave a breakout with huge volume in the last 9 months. It can be a good buy if sustain above 1750.
Buy Bharat Forge @807 its moving towards multi year break out Tgt 950 + 1100 + SL 700 Duration 4 months.
Paras Defence from Ascending Triangle with good volumes.
HAL is trending in a range, currently at a strong support zone and the target is 2100. Go long on HAL
#MONDAY# #LONG-TERM# @VK2413 NSE:ZENTEC { ZENTECH is a Indian company, involved in manufacturing drones and other technical stuff required by the DEFENCE system. According to its present momentum ,a very good stock for long term. It's now available at its lowest price, grab more.... Since Indian govt took initialization for drone manufacturing, most of...
Buy At 544 Buy Some b/w 520-525, SL - 477 (DCB), TARGET - 688/780
487.5 IS AN IMPORTANT LEVEL TO CONSIDER FOR BHARATFORGE AS IT ACTED AS A SUPPORTED IN THE PAST. NOW THE SAME LEVEL IS ACTING AS RESISTANCE . WATCH OUT FOR A STRONG CLOSE ABOVE 487.5 BEFORE ENTERING A LONG POSITION. ALSO REMEMBER THAT ALL DEFENCE STOCKS CAN BE BULLISH FROM HERE Look at the charts and make an informed decision. Thank You Happy...