I am watching PARAS from few weeks.
Price is moving higher compared to past months and also trying to break 2 year resistance
but failed to break resistance last week, SL hit , did not trade only watching.
Volumes did not come yet.
Two scenarios can play for price up.
1. Either some Institutions have to buy
2. 3 year lock-in ends in 2024, pre IPO investors might be trying to take it higher and sell during the lock-in date.
If price breaks higher then immediate resistance is at 832.
We do not have to trade every chart , watch how the price moves and make notes. Use this knowledge for similar setups in future.
Price is moving higher compared to past months and also trying to break 2 year resistance
but failed to break resistance last week, SL hit , did not trade only watching.
Volumes did not come yet.
Two scenarios can play for price up.
1. Either some Institutions have to buy
2. 3 year lock-in ends in 2024, pre IPO investors might be trying to take it higher and sell during the lock-in date.
If price breaks higher then immediate resistance is at 832.
We do not have to trade every chart , watch how the price moves and make notes. Use this knowledge for similar setups in future.
Hopefully this sustains and moves +vely with volumes. It should reach 875 and above if volumes comes. Did not trade in this today.