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Paras Defence and Space Technologies Ltd shows weak development in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Paras Defence and Space Technologies Ltd. The stock has broken an inverse head and shoulders formation.
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A decisive break,
preferably with increasing volume, is
considered a confident signal of the start
of a rising trend. The stock has support at
rupee 537 and resistance at rupee 627.
Positive volume balance strengthens the
stock in the short term. The RSI curve
shows a rising trend, which is an early
signal of a possible trend reversal upwards
for the price as well. The stock is overall
assessed as technically positive for the
medium long term.
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