Paras Defence shares fall over 2% after 30% rally in 3 sessions. What are charts suggesting?

Paras Defence shares fell over 2 percent after a sharp 30 percent rally in three sessions, though the stock remains up 110 percent over six months with multibagger returns. SBI Securities technical analyst Sudeep Shah noted a decisive horizontal trendline breakout on the weekly chart, rising ADX, and RSI breakout, with a key support zone at Rs 1,300–1,310. FII holdings in the company rose from 3.46 percent to 5.06 percent, even as India's indigenous defence production hit Rs 1.78 lakh crore in FY26, up 15.6 percent year-on-year, with defence exports at Rs 38,424 crore.