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PARAS DEFENCE AND SPACE TECHNOPARAS DEFENCE AND SPACE TECHNOPARAS DEFENCE AND SPACE TECHNO

PARAS DEFENCE AND SPACE TECHNO

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PARAS DEFENCE - Classic BO (Case Study) | Super BullishPrice Analysis & overview: 1. The overall defence sector is super bullish and the stock has started outperforming. 2. The strength of the BO candle shows big money is buying it. 3. Retest of the ATH BO level would be the best entry for a long position. 4. We rarely find these types of classic textbook type of picture-perfect breakouts! 5. We should remember that we should not generalise these types of clean breakouts. - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:PARASLong
by SuperNova396
Impulse wave 3 or Zigzag wave CParas Defence has completed it's regular ABC correction post and 5 wave impulsive raise.Going aheadwe can see another impulse unfolding which can take price to 1042(in case of current structure being a zigzag) or till 1291(in case of wave 3 of an impulse). Invalidation of this view comes at 610 levels,hence a downside stop loss of 22% can yield an upside target of 45%-70% on the upside giving us favourable risk-reward. Hence One can go long at cmp of 736 with a stoploss of 600 and target of 1042,1290. PS:I have assumed wave 2 or wave B completion as prices took support of 61% retracement level of wave 1,along with breaching 2-4 trendline of wave C on lower time frame. Disclaimer:This are just my views on the stock no position should solely be taken on its basis.Posting this just for my future reference.
NSE:PARASLong
by UNDERDOG-29
1
PARAS Breaks Out of Inverted Head and Shoulders Pattern -The stock has formed an inverted head and shoulders pattern, a bullish reversal formation, with the neckline recently broken. - The price has decisively broken above the neckline around ₹850 with strong volume, confirming the pattern. - This breakout suggests a potential bullish move ahead. - Immediate support is now around the previous neckline at ₹850. - Next resistance levels to watch are around ₹1000 and ₹1050. - Volume surged significantly on the breakout, indicating strong buying interest. - The RSI has moved above 70, reflecting strong bullish momentum but nearing overbought territory. - With the breakout confirmed, the stock is poised for further upside. - Traders can look to enter on a retest of the ₹850 level, with stops placed below ₹800. - Potential targets for the bullish move are ₹1000 and ₹1050, aligning with the pattern's projected move.
NSE:PARASLong
by Marketik
6
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall. Trendline Breakout in BAJEL BUY TODAY SELL TOMORROW for 5%
NSE:PARAS
by Kapil-Mittal
2