PARAS | Stage 2 Setup in Motion | ATH Watch

🚀 PARAS | Stage 2 Setup in Motion | ATH Watch
Paras Defence & Space Tech Ltd | Weekly Chart

🔍 Technical Overview:
Stock has broken out of a Stage 1 base spanning nearly a year 📦

Printed a wide-range breakout candle with a massive volume spike – signs of institutional accumulation

Currently trading above all key DMAs, including the 50D, 200D, and 30W averages

Cleared the ₹1,490–₹1,598 zone (1-year range high), but...

⚠️ ATH Not Yet Broken
₹1,598.5 remains the all-time high (ATH)

A clean breakout + retest + continuation beyond this ATH will offer stronger confirmation for positional targets

Until then, it’s a high-potential but early breakout — watch follow-through closely

📊 Trade Levels
Entry: ₹1,458.5

SL (Closing Basis): ₹1,262.8

Positional Target 1: ₹2,067.7

Positional Target 2: ₹2,856.3

📐 Risk:Reward
Risk = ₹195.7

Reward to T1 = ₹609.2 → R:R = 1 : 3

Reward to T2 = ₹1,397.8 → R:R = 1 : 7

🧠 Notes for Traders:
This is a technically strong breakout from a deep base

But ATH is a major psychological level — wait for confirmation or follow-up strength

No early entries without defined risk, especially in a high-volume breakout

Retests can offer better entries with lower risk exposure

🛡️ Risk Management First
No matter how clean the chart looks, position sizing and stop-loss discipline are non-negotiable.
Trade only what aligns with your system and tolerance. Protect capital first, chase profits second.

📜 Disclaimer: This is a personal technical view. Not investment advice. Always do your own research or consult a SEBI-registered advisor before taking any trade.