Equity Research Report – Paras Defence & Space Tech Ltd Technical Summary
Volume Spike: Sharp surge in volume confirms breakout strength.
Resistance Flipped: ₹1,299 now acting as strong support.
Momentum: RSI near 75 (overbought but strong bullish trend), indicating short-term potential with caution.
Moving Averages: 20/50/200 EMA crossover in bullish alignment.
🛒 Trade Setup
Short-Term View (Swing/Positional Trade):
Buy Zone: ₹1,315–₹1,330 (on dip near support ₹1,299)
Target 1: ₹1,435
Target 2: ₹1,475
Stop-Loss: ₹1,255 (below support & 5-day EMA)
Timeframe: 2–3 weeks
Short-Term View (Swing/Positional Trade):
Sell Zone below: ₹1,299
Target 1: ₹1,222
Target 2: ₹1,200
Stop-Loss: ₹1,255
For Education purposes only
