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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.

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Paramount Communications is 1178075

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	87.15	89.50	91.20	86.45	0.678 times
19 Mon Feb 2024	89.50	91.45	91.70	88.70	0.461 times
16 Fri Feb 2024	90.30	94.25	94.70	89.55	1.202 times
15 Thu Feb 2024	94.25	95.00	96.05	93.10	1.03 times
14 Wed Feb 2024	91.50	84.35	91.70	84.05	1.104 times
13 Tue Feb 2024	87.35	88.00	92.25	87.05	1.504 times
12 Mon Feb 2024	91.60	97.35	98.10	91.60	0.744 times
09 Fri Feb 2024	96.40	101.45	102.10	96.40	1.172 times
08 Thu Feb 2024	101.45	104.95	104.95	98.60	0.922 times
07 Wed Feb 2024	103.45	108.10	108.10	102.50	0.742 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 92, but if it comes above 92, then a intra day buy could be more profitable.
If you take a sell trade below 92, then use 92 as stoploss and 81.9 as target. However if you take a buy trade in stock , then use 92 as stoploss and 100.49 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	40.25
Downside Target	57.75
Downside Target	61.75
Downside Target	68.00
Downside Target	84.05
Downside Target	86.45
Upside Target	91.70
Upside Target	96.35
Upside Target	101.50
Upside Target	112.10
Upside Target	115.55
Upside Target	116.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	85.17
Downside Intraday Target	83.18
Upside Intraday Target	90.42
Upside Intraday Target	93.68
Upside Intraday Target	88.43

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	87.15	91.45	91.70	86.45	0.204 times
16 Fri Feb 2024	90.30	97.35	98.10	84.05	0.864 times
09 Fri Feb 2024	96.40	111.40	112.10	96.40	0.942 times
02 Fri Feb 2024	106.10	115.50	115.55	101.50	1.392 times
25 Thu Jan 2024	110.05	106.45	116.85	102.50	0.983 times

Price has moved down 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
20 Tue Feb 2024	87.15	106.00	112.10	84.05	0.638 times
31 Wed Jan 2024	105.55	88.70	116.85	84.10	0.84 times
29 Fri Dec 2023	88.15	66.00	96.35	61.75	17.693 times
30 Thu Nov 2023	64.65	63.50	68.00	62.05	0.052 times

Scroll below to view daily charts

Price has moved down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 mid to longer 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.

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

MACD generated a SELL signal for Paramount Communications in short term but the sell signal is initial and weak.

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Paramount Communications in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 93.08 and Paramount Communications (PARACABLES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 negative.

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