Buy Paras for a target of 1200Paras has taken support and reversed, should reach 1200 in 10-15 days, looks strong, one can add to portfolio
PARAS trade ideas
PARAS for CUP pattern on WTFlooking good above 984.
CMP : 946
MACD & RSI both are Bullish
Target 1 : 1258
Target 2 : 2058
Target 3 : 3456
SL : 731
Paras, another stock want to dance, setting up well-Long base BO then
Elections results create volatility but
Setting up again:
-Recovered fast with volumes then red candle on low vol n bounced from 10 ema
-Defence stocks are making good setups
-Good shakeout of 21 ema
-tightness
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.
Paras Defence & Space TechnologiesThis is not a Stock Recommendation my opinion and Study only. Take it as a study purpose.
Stock Name- Paras Defence & Space Technologies
The Stock Brakeout spotted with Supportive Volume.
Also, election result, ke Waza se Filhaal market Bohot Jada volatile Hai, to agee Kuchh bhi Ho Sakta.
PARAS DEFENSE & SPACE TECHPARAS DEFENSE & SPACE TECH showing inverse head and shoulder with a breakout of neckline at 900. For education purpose only
A two year breakout with strong volumeDefense share are on fire there is one such strong defense share which was not able to break its resistance for two year which it has done now that too with very big volume you can study this
IsroDefence and space active this stock lead
No recommendation for buy and sell
Stock have good fundamental and have potential to give returns like HAL
Company work for isro
PARAS - Weekly AnalysisIn the Weekly Chart of PARAS ,
we can see that, it has given breakout.
Let it retest and then enter with SL and target.
Inverted Head & Shoulder pattern in Paras Def.Inverted Head & Shoulder pattern is form in Paras Def.
It is 40% down than all time high. on can go long in this script.
Paras Defence : Defence industry
#parasdefence
Moving out of longrange BO as well.
Parasdefence big potential for coming months.
Keep in Radar.
Disclaimer :consult your financial advisor.
#technicals #StocksToBuy #stocks #StockMarkets #investing #Index #Nifty #Breakout #BreakoutStock
#Defence
PARAS - Weekly AnalysisIn 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.
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%
Paras defenceSupport 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
PARASI 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
Long ParasTailwinds in space and defence sector
higher highs and higher lows
about to breakout
sl 750
cmp 816
target 1250
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.
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
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.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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Trying to break 2 year resistanceI 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 might be trying to take it higher and sell during the lock-in date.
If price breaks higher then immediate resistance is at 832.
We do not have to trade every chart , watch how the price moves and make notes. Use this knowledge for similar setups in future.
Paras Defence And Space Technologies Ltd. On RadarNSE: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
parasdeffollowing this stock and looks like its bouncin good from its 100 ema- might giv a parabolic move on the upside
Strong head and shoulderParas has made a head and shoulder pattern and looking for breakout
One can go long with stop of 780 for targets around 918, 968
