Equity Research Update – Paras Defence and Space Technologies
CMP: ₹1,143 | Upside Potential: High
Paras Defence has broken out of a strong resistance zone (~₹1,120–₹1,160), confirmed by significant volume and bullish momentum. The RSI shows strength above 70, indicating buyer dominance. Historical resistance, marked by previous rejections, may now act as strong support. If sustained, this breakout could lead to a fresh uptrend. Investors may consider accumulating on dips with a medium-term target of ₹1,300–₹1,350, keeping a stop-loss below ₹1,080.
Recommendation: BUY on Breakout Confirmation
For Education Purpose only
Paras Defence has broken out of a strong resistance zone (~₹1,120–₹1,160), confirmed by significant volume and bullish momentum. The RSI shows strength above 70, indicating buyer dominance. Historical resistance, marked by previous rejections, may now act as strong support. If sustained, this breakout could lead to a fresh uptrend. Investors may consider accumulating on dips with a medium-term target of ₹1,300–₹1,350, keeping a stop-loss below ₹1,080.
Recommendation: BUY on Breakout Confirmation
For Education Purpose only
Trade fermée: cible de profit atteinte
TGTS 1300 Done
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.