PARAS ON A CHANNEL IF IT BRAKE 791-614 paras on a chanell its brake the level 791 its gonna bullish , if it brake 614 bearish
PARAS trade ideas
Ready for upmove after correctionCan be accumulated near 640 with SL 600 for the target of 1200 and above.
PARAS LONGChart is self explanatory
Entered Around 820 with stop loss of 750.
Disclaimer: This view is for only educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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.
17/10/2021 Research Report For Paras DefenseDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from your financial adviser. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single ruppe, please do your own rerearch according to your risk taking capacity and after that do invest and book profits on right time.
Buy Below 635
Target 1: 700
Decreasing volume with Increasing PriceVolume has decreased every session with price moving upwards. Profit booking can be seen in upcoming sessions. Good stock to hold for long term.
