Rafale brand owner Dassault Aviation share price jumps 5% in five days. Experts see fresh momentum ahead
Rafale brand owner Dassault Aviation share price has rallied over 5.08 per cent in past five trading session on the Paris Stock Exchange. The Rafale jet manufacturer has remained volatile lately, falling over 2.30 per cent in a month.
On June 2, Dassault Aviation stock closed at €322.40 apiece, only 3 per cent away from hitting 52-week high of €332.20.
Dassault Aviation stock grabbed investor's attention after the Indian Air Force's Operation Sindoor on May 7, 2025. Initially, the stock saw a significant surge up to 66 per cent after the Indo-Pak tensions escalated in May, however, has given up the gains.
The Rafale jet manufacturer's stock has attracted significant attention following India's launch of Operation Sindoor—a strategic airstrike targeting terrorist camps situated 200 kilometers within Pakistani territory and Pakistan-occupied Kashmir, while deliberately steering clear of breaching Pakistani airspace. According to multiple reports, the Indian Air Force carried out the mission using Rafale fighter jets armed with SCALP cruise missiles and HAMMER precision-guided bombs.
According to market experts, Dassault Aviation's stock is on the verge of a bullish breakout from a 50-day-long cup and handle pattern, with the breakout pivot placed at ₹ 324.
Anshul Jain, Head of Research at Lakshmishree Investments, believes that a high-volume breakout above €324 will confirm the pattern and likely trigger fresh bullish momentum.
'Dassault Aviation is on the verge of a bullish breakout from a 50-day-long cup and handle pattern, with the breakout pivot placed at €324. Volumes in the base have been accumulative, indicating strong institutional interest. A high-volume breakout above €324 will confirm the pattern and likely trigger fresh bullish momentum. Post-breakout, the stock is expected to head towards an immediate upside target of €375, supported by its strong price structure and accumulation,' Jain said.
Meanwhile, Riyank Arora, Technical Analyst at Mehta Equities Ltd, says that a sustained move above €332 with volume confirmation may attract fresh buying interest.
'Dassault Aviation is trading near a key resistance at €332. A decisive breakout above this level could open the path toward the next resistance zone at €350-360. On the downside, immediate support is placed at €310, and if breached, the stock may slip toward the next support at €300. The overall trend remains mildly positive,' Arora said.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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