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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 2024-04-18 View latest technical analysis

10 day averaged volume of Paramount Communications is 2017633

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	80.10	82.95	83.00	79.60	0.283 times
16 Tue Apr 2024	79.35	79.30	82.70	78.40	0.398 times
15 Mon Apr 2024	80.20	80.00	83.95	78.10	0.567 times
12 Fri Apr 2024	84.65	84.80	88.50	83.40	0.42 times
10 Wed Apr 2024	84.25	87.40	89.60	83.40	0.383 times
09 Tue Apr 2024	87.40	92.65	93.00	86.80	0.456 times
08 Mon Apr 2024	90.95	91.00	95.95	88.95	2.269 times
05 Fri Apr 2024	87.15	81.50	89.15	80.00	2.422 times
04 Thu Apr 2024	80.90	79.90	81.40	76.25	2.347 times
03 Wed Apr 2024	77.55	76.70	77.55	75.00	0.484 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 84.1 as stoploss in an intra day sell trade for a target of 75.81. However, stock will show a bullish move above 84.1.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	61.75
Downside Target	66.75
Downside Target	68.15
Downside Target	69.55
Downside Target	76.45
Downside Target	78.10
Upside Target	82.40
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	77.48
Downside Intraday Target	74.87
Upside Intraday Target	83.33
Upside Intraday Target	86.57
Upside Intraday Target	80.72

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	80.10	80.00	83.95	78.10	0.354 times
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

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
18 Thu Apr 2024	80.10	69.60	95.95	68.15	0.856 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 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 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 Weak and stock is gaining momentum.

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

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. Bears are getting stronger in this stock.

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

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 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 84.98 and Paramount Communications (PARACABLES) stock is trading below this level. This means that stock is falling with high volumes. 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.