retested breakout in paras defense

A bullish Inverted Head & Shoulder Chart Pattern Breakout on the Weekly Time frame of PARAS

Price Action supported by very good volume.

The stock is currently in uptrend making higher highs and higher lows.

One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart

Stop loss will be on a Weekly closing basis.


Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Pattern
Technical Indicator :- Positive MACD Crossover

Disclaimer: This is for educational purpose only.
Head and ShouldersinvertedheadandshouldersPARASparasdefenceSupply and DemandSupport and Resistanceweeklyanalysis

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