PARAS
Paras Defence and Space Technologies LtdPARAS DEFENCE is involved in developing systems for defense and space applications. It operates under five segments, Defense & Space Optics, Defense Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies.
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PARAS | Investment Pick📊 DETAILS
Sector: Defence
Mkt Cap: 3,161 cr
Paras Defence and Space Technologies (PDST) is an Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions.
TTM PE : 88.58 (Average PE)
Sector PE : 57.47
Beta : 1.20
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
10.41% away from 52 week high
Outperformer - Paras Defence and Space Technologies up by 12.64% v/s NIFTY 50 up by 0.02% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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retested breakout in paras defenseA bullish Inverted Head & Shoulder Chart Pattern Breakout on the Weekly Time frame of NSE:PARAS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
PARAS DEFENCE - Possible Long with very good Reward
1. Major Support - 700
Major Resistance - 879, 1200.
2. Trend - Up. Deep pullback going on. 3rd Nov
high break failed and lead to new low. Buying
from 780 levels.
3. Current Strength - Buyers are trying to push above 780 continuously. However strength is still in selling side.
4. Future trend - Low 798 break and new low breaking 742.
5. Possible Trade -
a. In direction of Trend which is up. If low breaks but fails to make new low. This will be failure of expectation of sellers, confirming weakness in selling.
Buy - 838 break.
Stop - Below entry candle low.
Target - 875, 1000, 1200.
Setup is similar to one of the ideas shared - IRCTC, check link to related ideas.