Paras Defence is forming a Symmetrical Triangle On Weekly Timeframe. The Entry and Stoploss would be considered on Candle Closing Basis.
Entry - Above 800
Stoploss- Below 576
Targets - 1001,1260,1550 and 1760 (These Targets would be achieved in 2.5 years max from the date of entry).
NOTE :- This View is purely based on Technical Analysis and is for educational...
Paras is created rounding bottom reversal pattern take multiple support + multiple small break out but volume and share market capitalization show some thing is big ready to turn our this 630 share price reached 700/800/900/1000 and may more upper side price
only for long term holding trade
Paras Defense and Space Technologies Ltd. is engaged in designing, developing, manufacturing & testing of variety of defense & space engineering products. The company operates in four major segments i.e defense & space optics, defense electronics, Heavy Engineering and electromagnetic pulse protection solutions, the company offers 33 different range of products....
Paras Defence has Formed a descending triangle pattern. Can be bought at current 950 level with the stop loss of 935. It has been taking regular support @950 .
Paras def looking good on charts.after a proper correction. It is making a trigular formation. Breaking which at approx 770 levels. 835 targets can be achived. On a longer time frame.
