PARAS trade ideas
Paras defence Breakout with heavy volume. IPO stock after consolidation breakout.
Stock above key moving average and likely to break previous all time high
Paras Defence and Space Technologies Ltd.*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 😇
PARAS : Expecting a reversal moveAt 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 looking PowerfulParas 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 Defense and Space Technologies CMP is 570.05. Negative aspects of the company are high valuation (P.E. = 61.6) and FIIs are decreasing stake. Positive aspects of the company are improving annual net profits, improving cash from operations, no debt, Zero promoter pledge & MFs are increasing stake.
Entry after closing above 576. Targets in the stock will be 608 and 637. Long term targets in the stock will be 670 and 700+. Stop loss in the stock should be maintained at closing below 510.
parasParas 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 signing this MOU, Paras Anti-drone Technologies and Spacekawa Explorations intend to develop and advance technologies for Space Applications that can address the challenges of a rapidly changing world.
Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions.
Another defense pick - PARASAfter 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
PARAS - Weekly AnalysisIn the Weekly Chart of PARAS ,
we can see that, it has shown recovery in W format.
Let it retest and then enter.
Paras Defence and Space Technologies LtdIts 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
PARAS defence - trading opportunity in Rising channel patternWait 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 Descending Triangle Pattern 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 and SPCE TechParas Def and Spce Tech
Downtrend - Not the right time for fresh entry
Support levels are 651.05 & 650.15
Like & Follow
happy trading :)
Paras defenceParas 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.
PARAS DEFENCE BUY ON CORRECTIONDecreasing volume with increasing price indicates weak hands buying. Soon profit booking will be seen in this scrip. VWAP price is around 540. One can buy close to this price if the correction starts tomorrow.
