🚀 Paras Defence & Space Technologies Ltd – Weekly Chart Analysis
The stock is showing signs of a potential reversal after consolidating near key support zones.
🔎 Technical Observations
Price Action:
After a prolonged decline from the highs, the stock has stabilized around the ₹640–660 support region. The recent weekly candle indicates buying interest, with bulls defending key support levels.
Sustained strength above the ₹700 zone can accelerate momentum towards higher levels.
Risk–Reward Setup:
The chart shows a favorable long setup with a potential upside of 20–35%.
📌 Trading Plan
Entry Zone: ₹680 – ₹700
Stop-Loss: ₹640 (weekly close basis)
Target 1: ₹820 – ₹825
Target 2: ₹930 – ₹950
⚠️ Key Notes
The ₹640–650 zone is acting as a strong support; holding this level is crucial for the bullish setup.
A breakout above ₹700 with volume confirmation will strengthen the momentum towards Target 1.
📢 Conclusion
Paras Defence is forming a bullish setup on the weekly timeframe with a good risk-to-reward ratio. If the stock sustains above ₹700, a strong move towards ₹820 and later ₹930+ looks possible. Traders should keep a strict stop-loss at ₹640 to protect capital.
The stock is showing signs of a potential reversal after consolidating near key support zones.
🔎 Technical Observations
Price Action:
After a prolonged decline from the highs, the stock has stabilized around the ₹640–660 support region. The recent weekly candle indicates buying interest, with bulls defending key support levels.
Sustained strength above the ₹700 zone can accelerate momentum towards higher levels.
Risk–Reward Setup:
The chart shows a favorable long setup with a potential upside of 20–35%.
📌 Trading Plan
Entry Zone: ₹680 – ₹700
Stop-Loss: ₹640 (weekly close basis)
Target 1: ₹820 – ₹825
Target 2: ₹930 – ₹950
⚠️ Key Notes
The ₹640–650 zone is acting as a strong support; holding this level is crucial for the bullish setup.
A breakout above ₹700 with volume confirmation will strengthen the momentum towards Target 1.
📢 Conclusion
Paras Defence is forming a bullish setup on the weekly timeframe with a good risk-to-reward ratio. If the stock sustains above ₹700, a strong move towards ₹820 and later ₹930+ looks possible. Traders should keep a strict stop-loss at ₹640 to protect capital.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.