Defence Sector Going Offensive - Paras - Lord Parasuram's Weapon
India's Defence Minister has said that Domestic Defence Manufacturing will be further strengthened || Defence Exports from India will be taken to an Unprecedented High :)
Amazing news to all Defence Stocks. One such pick is PARAS Defence and Space Technology
On Weekly chart - price has formed an Inverted Head and Shoulders Pattern. Both Breakout and Retest + Bounce - All Done :)
1st Target 1260 (previous ATH). When it breaks-out above 1260, it will initiate a Fresh Rounding Bottom BO for a much larger target of 2070
1st Recommendation was given around 670 levels on Aug 24, 2023. In less than 1 year, price has already reached 42%
When it reaches 1260 - it would be 87%
When it reaches 2070 - it would be 207% (3x) :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Amazing news to all Defence Stocks. One such pick is PARAS Defence and Space Technology
On Weekly chart - price has formed an Inverted Head and Shoulders Pattern. Both Breakout and Retest + Bounce - All Done :)
1st Target 1260 (previous ATH). When it breaks-out above 1260, it will initiate a Fresh Rounding Bottom BO for a much larger target of 2070
1st Recommendation was given around 670 levels on Aug 24, 2023. In less than 1 year, price has already reached 42%
When it reaches 1260 - it would be 87%
When it reaches 2070 - it would be 207% (3x) :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
- Team Stocks-n-Trends
- Telegram: telegram.me/stocksntrends
- Telegram: telegram.me/stocksntrends
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
- Team Stocks-n-Trends
- Telegram: telegram.me/stocksntrends
- Telegram: telegram.me/stocksntrends
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.