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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 2024-03-27 View latest technical analysis

10 day averaged volume of Paramount Communications is 1431472

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	69.55	74.80	76.45	69.35	1.531 times
26 Tue Mar 2024	73.00	71.70	73.00	71.00	1.376 times
22 Fri Mar 2024	69.55	67.60	69.55	66.50	0.516 times
21 Thu Mar 2024	66.25	64.65	66.25	63.70	0.31 times
20 Wed Mar 2024	63.10	66.10	67.70	62.75	0.758 times
19 Tue Mar 2024	66.05	64.05	67.80	64.05	0.837 times
18 Mon Mar 2024	64.85	63.20	66.90	62.80	1.355 times
15 Fri Mar 2024	64.45	65.05	67.65	64.45	1.619 times
14 Thu Mar 2024	67.80	67.55	72.95	67.55	2.989 times
13 Wed Mar 2024	71.10	71.10	71.10	71.10	0.135 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 66.9 as stoploss in an intra day buy trade for a target of 73.91. However, stock will show a bearish move below 66.9.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	61.75
Downside Target	64.45
Downside Target	68.00
Upside Target	75.70
Upside Target	79.40
Upside Target	82.30
Upside Target	82.85
Upside Target	84.10
Upside Target	87.55
Upside Target	90.80
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	67.12
Downside Intraday Target	64.68
Upside Intraday Target	74.22
Upside Intraday Target	78.88
Upside Intraday Target	71.78

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	69.55	71.70	76.45	69.35	0.77 times
22 Fri Mar 2024	69.55	63.20	69.55	62.75	0.728 times
15 Fri Mar 2024	64.45	79.60	82.30	64.45	1.56 times
07 Thu Mar 2024	82.85	79.90	82.85	75.70	1.095 times
02 Sat Mar 2024	80.10	89.00	90.80	79.40	0.911 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 Wed Mar 2024	69.55	85.75	87.55	62.75	0.964 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls 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 but SELL 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

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 67.47 and Paramount Communications (PARACABLES) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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