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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 2024-03-04 View latest technical analysis

10 day averaged volume of Paramount Communications is 856715

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	76.10	79.90	80.00	76.10	2.016 times
02 Sat Mar 2024	80.10	82.50	82.50	79.40	0.871 times
01 Fri Mar 2024	82.70	85.75	87.55	81.30	0.997 times
29 Thu Feb 2024	84.70	83.95	87.90	82.40	0.736 times
28 Wed Feb 2024	83.75	87.85	88.20	83.45	0.895 times
27 Tue Feb 2024	87.85	89.50	89.80	87.40	0.543 times
26 Mon Feb 2024	88.55	89.00	90.80	85.85	1.027 times
23 Fri Feb 2024	88.75	90.55	91.90	87.50	1.117 times
22 Thu Feb 2024	89.80	86.70	89.80	85.15	1.266 times
21 Wed Feb 2024	85.55	88.70	89.65	84.50	1.616 times

Stock of Paramount Communications (PARACABLES) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 75, for a target of 82.7 or 89.04

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	61.75
Downside Target	68.00
Downside Target	76.10
Upside Target	79.40
Upside Target	82.40
Upside Target	84.05
Upside Target	87.55
Upside Target	90.80
Upside Target	96.35
Upside Target	96.40
Upside Target	98.10
Upside Target	112.10
Upside Target	116.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	74.8
Downside Intraday Target	73.5
Upside Intraday Target	78.7
Upside Intraday Target	81.3
Upside Intraday Target	77.4

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	76.10	79.90	80.00	76.10	0.398 times
02 Sat Mar 2024	80.10	89.00	90.80	79.40	0.911 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

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
04 Mon Mar 2024	76.10	85.75	87.55	76.10	0.137 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
29 Fri Dec 2023	88.15	66.00	96.35	61.75	17.693 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 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 gaining momentum.

MACD generated a SELL signal for Paramount Communications in short term and the sell 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 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 but buying is losing 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 84.14 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.