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(PARACABLES) Paramount Communications complete technical analysis [charts+indicators] | Buy/Sell Paramount Communications | (PARACABLES) share price targets

Complete technical analysis of Paramount Communications (PARACABLES) by charts plus indicators, forecast predictions and share price targets for Paramount Communications (PARACABLES)

Paramount Communications trades in NSE in Other Elect.Equip. sector.

10 day averaged volume of Paramount Communications is 2000731

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	80.05	82.40	82.40	79.20	0.368 times
19 Fri Apr 2024	78.75	78.15	80.60	77.45	0.375 times
18 Thu Apr 2024	80.10	82.95	83.00	79.60	0.286 times
16 Tue Apr 2024	79.35	79.30	82.70	78.40	0.401 times
15 Mon Apr 2024	80.20	80.00	83.95	78.10	0.572 times
12 Fri Apr 2024	84.65	84.80	88.50	83.40	0.423 times
10 Wed Apr 2024	84.25	87.40	89.60	83.40	0.387 times
09 Tue Apr 2024	87.40	92.65	93.00	86.80	0.459 times
08 Mon Apr 2024	90.95	91.00	95.95	88.95	2.288 times
05 Fri Apr 2024	87.15	81.50	89.15	80.00	2.442 times

My analysis of stock is bullish for shortterm, and stock might move up till 84.8 or till 93.9. Use a stoploss of 77.21 and if this stock hits its stoploss, then it can fall down till 69.6

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	61.75
Downside Target	66.75
Downside Target	68.15
Downside Target	76.45
Downside Target	79.20
Upside Target	82.40
Upside Target	87.55
Upside Target	89.15
Upside Target	95.95
Upside Target	96.35
Upside Target	112.10
Upside Target	116.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	78.7
Downside Intraday Target	77.35
Upside Intraday Target	81.9
Upside Intraday Target	83.75
Upside Intraday Target	80.55

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	80.05	82.40	82.40	79.20	0.225 times
19 Fri Apr 2024	78.75	80.00	83.95	77.45	0.459 times
12 Fri Apr 2024	84.65	91.00	95.95	83.40	0.622 times
05 Fri Apr 2024	87.15	69.60	89.15	68.15	2.102 times
28 Thu Mar 2024	67.05	71.70	76.45	66.75	1.008 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Paramount Communications (PARACABLES)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	80.05	69.60	95.95	68.15	0.916 times
28 Thu Mar 2024	67.05	85.75	87.55	62.75	1.017 times
29 Thu Feb 2024	84.70	106.00	112.10	82.40	0.856 times
31 Wed Jan 2024	105.55	88.70	116.85	84.10	0.84 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Paramount Communications (PARACABLES)

Price action analysis of Paramount Communications ( (PARACABLES) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Paramount Communications ( (PARACABLES) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Paramount Communications ( (PARACABLES) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Paramount Communications ( (PARACABLES) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Paramount Communications stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Paramount Communications in short term and the buy signal is strong.

Paramount Communications Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Paramount Communications in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Paramount Communications is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 86.12 and Paramount Communications (PARACABLES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Paramount Communications (PARACABLES) stock. Volume based technical analysis of Paramount Communications (PARACABLES) stock is negative.

Paramount Communications Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.