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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 2024-04-12 View latest technical analysis

10 day averaged volume of Paramount Communications is 2119236

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	84.65	84.80	88.50	83.40	0.4 times
10 Wed Apr 2024	84.25	87.40	89.60	83.40	0.365 times
09 Tue Apr 2024	87.40	92.65	93.00	86.80	0.434 times
08 Mon Apr 2024	90.95	91.00	95.95	88.95	2.16 times
05 Fri Apr 2024	87.15	81.50	89.15	80.00	2.306 times
04 Thu Apr 2024	80.90	79.90	81.40	76.25	2.234 times
03 Wed Apr 2024	77.55	76.70	77.55	75.00	0.46 times
02 Tue Apr 2024	73.90	73.90	73.90	71.35	0.244 times
01 Mon Apr 2024	70.40	69.60	70.40	68.15	0.157 times
28 Thu Mar 2024	67.05	69.70	71.55	66.75	0.605 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 82.6, but if it comes below 82.6, then a intra day sell could be more profitable.
If you take a sell trade below 82.6, then use 82.6 as stoploss and 74 as target. However if you take a buy trade in stock , then use 82.6 as stoploss and 93 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	76.45
Downside Target	82.30
Upside Target	87.55
Upside Target	89.15
Upside Target	95.95
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	80.05
Downside Intraday Target	75.45
Upside Intraday Target	92.6
Upside Intraday Target	100.55
Upside Intraday Target	88

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	84.65	91.00	95.95	83.40	0.622 times
05 Fri Apr 2024	87.15	69.60	89.15	68.15	2.102 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

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
12 Fri Apr 2024	84.65	69.60	95.95	68.15	0.754 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 and the buy signal is strong.

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 tired and bears are picking up momentum.

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 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 83.93 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.