The short-term outlook is bullish for Paras Defence & Space Technologies. The 4.6 per cent surge on Tuesday has happened after taking support from the 21-Day Moving Average (DMA), currently at ₹811. The region between ₹811 and ₹810 is a good support zone for now. There is a possible inverted head and shoulder formation visible on the chart. A break above ₹880 will confirm this pattern and take Paras Defence & Space Technologies share price up to ₹950 in the coming weeks.

Traders can buy the stock now at ₹853. Accumulate on dips at ₹820. Keep the stop-loss at ₹785 initially. Trail the stop-loss up to ₹865 as soon as the stock goes up to ₹890. Move the stop-loss higher to ₹885 and ₹910 when the price touches ₹905 and ₹925 respectively. Exit the long positions at ₹940.

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on June 3, 2026