Investment Levels
Bullish Levels - Above 765, 838 to 862 (strong level) then 943 to 957 then 1039 to 1052 then 1092 (strong level) to 1104 then 1134 to 1148
Bearish Level - Below 738 , 560 to 546 then 414 to 397 (strong level) below this more bearish.
*Comment or message me if you wish to see my analysis for any stocks.
**Disclaimer -
I am not a SEBI...
mcap 3151cr
cmp 801 vs book value 110
stock pe 88.3 vs industry pe 69.1
debt to eq 0.06
dividend 0
promoter holding 58.94% constant from MARCH 2022
small position
Already crossed trendline, resistance and retested same on weekly timeframe. Bullish pin bar formation on the support. Looks like big rally is possible from Current Market Price(CMP). Can be a high risk high reward trade(as no above average volume even after breakout).
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 Defence and Space Technologies Ltd.*
C&H; Formation on Weekly Basis.
Strong Price BreakOut & Sustained.
Strong Vol Consolidation & Continued BuiltUp since past few weeks.
RSI: 1H W>M
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
At the current valuation, there is a high probability for the price to reverse. If price reaches the low of the channel in a sell off then I'll look for an entry opportunity.
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 and Space Technologies’ subsidiary -- Paras Anti-drone Technologies has entered into Memorandum of Understanding (MoU) with Spacekawa Explorations (Kawa Space) for indigenous developments and deployment of Space intelligence, surveillance and reconnaissance (ISR) payloads which will include RF Wideband Software defined Radio (SDRs).
Further by...
After meaningful correction and a series of upside swings, PARAS is again available at a reasonable price.
May be an excellent try to time the budget for 2023.
SL - 550 (Weekly closing)
Target - 660|750|900
Its taking rejection from Resistance, one can go SHORT for this specfic Stock..!
CMP - 782 (@2:50 pm)
TARGET - 712- 690
STOPLOSS - 800
If stoploss hits , one can go LONG also..
#BIG_BULL
Wait for price to come at any side of channel boundary then take position (shirt/long),
Take position only after confirmation, price may breakout of channel, in this case also we can take long position if upside breaks out.
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 .
