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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 trade ideas

Paras Defense - Potential 40% upsidePrice Action Analysis: Stock was in downtrend creating series of Lower-Highs and Lower-Lows Created Double Bottom with Bullish RSI divergence Price crossed 50 EMA Retested 50 EMA with Doji formation - created Higher-Lows signalling trend change Defence index and Stock outperforming NIFTY based on Comparative RS MACD, RSI and ADX supporting bullish bias Trade Execution Awaiting Horizontal Resistance break-out at 1132- Buy above 1135 Stop Loss below 1055 on daily closing basis Target 1 - previous swing high 1315 Target 2- ATH 1560 Trail with EMA 20 or SuperTrend 10,3 on daily chart
NSE:PARASLong
by NoobInvestor_76
PARAS (Paras Defence and Space Technologies Ltd)- AnalysisLast time analysis worked perfectly.. hope this also works out !! Bullish Levels -day closing above 954 (early entry risky) then 1070 to 1084 (safe entry if day closing above this) long term targets can be around 2300 intermittent targets are marked on chart Bearish levels :- Day closing below 837 or 825 strict SL for Long term Investor below this more bearish **Consider some Points buffer in above levels **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you
NSE:PARASLong
by PrashantTaralkar
1
paras defense updateparas defense is continuously declining, as you can see in the chart. it has broken box zone. and now taking support at 50% fib level which is considered as strong demand zone. how to read the current price action? gap fill: if you can notice there is a gap which price is filling now. It was expected that if the 1258 is broken on dcb, market will fill the gap. Fib Level: price is trading near 50% fib level which is considered as very strong support zone. price can start bouncing back from the black line if market condition is strengthened during next week. My best bet: I am still bullish in this stock and accumulating it whenever it goes 5% down. i will hold till black line. if price closes below black line on weekly basis. I'll book my loss and will wait for fresh HH & HL o be formed. Light hearted people or newbees please analysis your risk appetite before investing or ask your financial advisor before investing. What can be expected: Price may reach upto initial breakout point if it breaks the black line. wait for HH HL on 75 min timeframe to make fresh position. When the strength will be back in paras defense? ADX will be upward on daily time frame (preferred above 25) DMI+ will be above 25 and above dmi- My View is still very bullish. Just waiting for trend change or price reaction near black line
NSE:PARASLong
by atuldev-investing
Paras Defence waiting for good volumeAlways remember, Breakout and breakdown with low volume is of no use. Yesterday I posted update on paras Defence. It closed below previous day low and before that, it has given flag pattern breakout. Both break out and breakdown happened with low volume. so strength was missing. Today There's an inside candle formed on closing basis. I am very bullish on paras defence in next 6 months, However waiting for a good correction till 1300 (+-20). If it breaks today's inside candle in any direction with High volume, the it will be a good sign for trend ( up or down). What should we learn here. Longer the accumulation time, stronger will be the breakout.
NSE:PARASLong
by atuldev-investing
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