In the Weekly Chart of PARAS , we can see that, it has started to become bullish. This Defense Sector stock will show a good run in next 4-6 months. Expected momentum is shown in chart.
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...
Paras 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...
Support level is around 600 . Recently stock was moving along with 200 Ema on daily chart. Stock is also moving in then range of 600-700. My view is bullish and in next 6 months stock will touch its highest level
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM CONCEPTS" ... Please Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Tailwinds in space and defence sector higher highs and higher lows about to breakout sl 750 cmp 816 target 1250
PARAS 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. Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always...
📊 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...
I am watching PARAS from few weeks. Price is moving higher compared to past months and also trying to break 2 year resistance but failed to break resistance last week, SL hit , did not trade only watching. Volumes did not come yet. Two scenarios can play for price up. 1. Either some Institutions have to buy 2. 3 year lock-in ends in 2024, pre IPO investors...
NSE:PARAS TIME FRAME : Weekly Price Crossing Last 3 Months Highs Highest Monthly Close On Monthly Charts With High Volumes (After 1 NOVEMBER 2021) Current Levels Par Accumulate Kiya Ja Sakta Hai Small Quantity Mai
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.
following this stock and looks like its bouncin good from its 100 ema- might giv a parabolic move on the upside
Paras has made a head and shoulder pattern and looking for breakout One can go long with stop of 780 for targets around 918, 968
A breakout is near ! Different time-frames will reveal the true story
Stock is given Head and Shoulders Breakout on Monthly Time Frame. Stock is Strong Resistance near 790-800 on 4 Hour Time Frame. Strict Stop Loss is below 760. Above 800 Daily Closing basis looks good for upside. Excepted Return 15%...25%...35%
As you can see from the chart provided, an inverted H/S pattern is currntly emerging on this share, as soon as it breaks the necklin(i.e. - 800-805 level) it will start a journy towards it,s all time High. A good point for entry - 805 Target - ALL time high (1250) or 1:3 RR (1180). SL - 680 ( just below support @Daily TF) N.B. - This is for education &...
Here is a approximate Elliot wave 5 waves for Paras Defense. Reasons : 1) Ukraine-Russia War ( NATO will join ukraine in later half of this yr) 2) India will take back PoK after govt forms majority ( Pakistan is being attacked by Afghanistan,Iran, internally by unknown man ). With time India will seize the opportunity 3) Middle East Asia - (Israel vs Muslim...
In the Weekly Chart of PARAS , we can see that, It has given Trendline breakout, Also it has retested the same. Also, it is strongly moving towards Cup & Handle formation and its breakout. Keep a Watch if you want to trade.