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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 2024-03-06 View latest technical analysis

10 day averaged volume of Paramount Communications is 918966

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	78.95	81.40	81.65	75.90	1.185 times
05 Tue Mar 2024	79.90	76.15	79.90	75.70	1.173 times
04 Mon Mar 2024	76.10	79.90	80.00	76.10	1.88 times
02 Sat Mar 2024	80.10	82.50	82.50	79.40	0.812 times
01 Fri Mar 2024	82.70	85.75	87.55	81.30	0.929 times
29 Thu Feb 2024	84.70	83.95	87.90	82.40	0.686 times
28 Wed Feb 2024	83.75	87.85	88.20	83.45	0.834 times
27 Tue Feb 2024	87.85	89.50	89.80	87.40	0.506 times
26 Mon Feb 2024	88.55	89.00	90.80	85.85	0.958 times
23 Fri Feb 2024	88.75	90.55	91.90	87.50	1.042 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 81.6, but if it comes above 81.6, then a intra day buy could be more profitable.
If you take a sell trade below 81.6, then use 81.6 as stoploss and 75.4 as target. However if you take a buy trade in stock , then use 81.6 as stoploss and 86.74 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	61.75
Downside Target	68.00
Downside Target	75.70
Upside Target	79.40
Upside Target	81.65
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	75.88
Downside Intraday Target	72.82
Upside Intraday Target	81.83
Upside Intraday Target	84.72
Downside Intraday Target	78.77

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	78.95	79.90	81.65	75.70	0.897 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
06 Wed Mar 2024	78.95	85.75	87.55	75.70	0.227 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 losing 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 weakening, and bulls are picking up momentum!

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

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 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 82.15 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.