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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 2024-02-27 View latest technical analysis

10 day averaged volume of Paramount Communications is 1135015

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	87.85	89.50	89.80	87.40	0.41 times
26 Mon Feb 2024	88.55	89.00	90.80	85.85	0.775 times
23 Fri Feb 2024	88.75	90.55	91.90	87.50	0.843 times
22 Thu Feb 2024	89.80	86.70	89.80	85.15	0.956 times
21 Wed Feb 2024	85.55	88.70	89.65	84.50	1.219 times
20 Tue Feb 2024	87.15	89.50	91.20	86.45	0.703 times
19 Mon Feb 2024	89.50	91.45	91.70	88.70	0.478 times
16 Fri Feb 2024	90.30	94.25	94.70	89.55	1.248 times
15 Thu Feb 2024	94.25	95.00	96.05	93.10	1.07 times
14 Wed Feb 2024	91.50	84.35	91.70	84.05	1.146 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 87.5 as stoploss in an intra day buy trade for a target of 95.19. However, stock will show a bearish move below 87.5.

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
Upside Target	90.80
Upside Target	96.35
Upside Target	98.10
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	85.53
Downside Intraday Target	83.22
Upside Intraday Target	90.48
Upside Intraday Target	93.12
Upside Intraday Target	88.17

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	87.85	89.00	90.80	85.85	0.282 times
23 Fri Feb 2024	88.75	91.45	91.90	84.50	0.725 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

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
27 Tue Feb 2024	87.85	106.00	112.10	84.05	0.806 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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Paramount Communications Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

Although the stock is in the SELL zone, but selling 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 89.52 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 is giving positive 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.