Here is a approximate Elliot wave 5 waves for Paras Defense. Reasons : 1) Ukraine-Russia War ( NATO will join ukraine in later half of this yr) 2) India will take back PoK after govt forms majority ( Pakistan is being attacked by Afghanistan,Iran, internally by unknown man ). With time India will seize the opportunity 3) Middle East Asia - (Israel vs Muslim countries) 4) China-Taiwan_USA (major showdown)
Its not good to profit on wars ethically, but leaving aside emotion and ethics in stock market, defense sector will be the only sector that can beat recession & wars.