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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 2024-04-04 View latest technical analysis

10 day averaged volume of Paramount Communications is 1073607

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	80.90	79.90	81.40	76.25	4.41 times
03 Wed Apr 2024	77.55	76.70	77.55	75.00	0.909 times
02 Tue Apr 2024	73.90	73.90	73.90	71.35	0.481 times
01 Mon Apr 2024	70.40	69.60	70.40	68.15	0.311 times
28 Thu Mar 2024	67.05	69.70	71.55	66.75	1.195 times
27 Wed Mar 2024	69.55	74.80	76.45	69.35	2.042 times
26 Tue Mar 2024	73.00	71.70	73.00	71.00	1.835 times
22 Fri Mar 2024	69.55	67.60	69.55	66.50	0.687 times
21 Thu Mar 2024	66.25	64.65	66.25	63.70	0.414 times
20 Wed Mar 2024	63.10	66.10	67.70	62.75	1.01 times

Stock of Paramount Communications (PARACABLES) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 78, but if it comes below 78, then a intra day sell could be more profitable.
If you take a sell trade below 78, then use 78 as stoploss and 72.04 as target. However if you take a buy trade in stock , then use 78 as stoploss and 85.1 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	61.75
Downside Target	64.45
Downside Target	66.75
Downside Target	68.15
Downside Target	69.55
Downside Target	75.70
Upside Target	81.40
Upside Target	82.85
Upside Target	84.10
Upside Target	87.55
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	72.23
Downside Intraday Target	63.57
Upside Intraday Target	85.48
Upside Intraday Target	90.07
Downside Intraday Target	76.82

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	80.90	69.60	81.40	68.15	1.205 times
28 Thu Mar 2024	67.05	71.70	76.45	66.75	1.008 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

Price has moved up 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 Thu Apr 2024	80.90	69.60	81.40	68.15	0.266 times
28 Thu Mar 2024	67.05	85.75	87.55	62.75	1.017 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

Scroll below to view daily charts

Price has moved up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Paramount Communications in short term and BUY signal is strong.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 73.7 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 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.