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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 2024-07-18 View latest technical analysis

10 day averaged volume of Paramount Communications is 1220216

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	72.94	75.00	75.80	71.50	0.81 times
16 Tue Jul 2024	73.68	74.78	76.50	73.20	0.886 times
22 Mon Apr 2024	80.05	82.40	82.40	79.20	0.603 times
19 Fri Apr 2024	78.75	78.15	80.60	77.45	0.615 times
18 Thu Apr 2024	80.10	82.95	83.00	79.60	0.469 times
16 Tue Apr 2024	79.35	79.30	82.70	78.40	0.657 times
15 Mon Apr 2024	80.20	80.00	83.95	78.10	0.937 times
12 Fri Apr 2024	84.65	84.80	88.50	83.40	0.694 times
10 Wed Apr 2024	84.25	87.40	89.60	83.40	0.634 times
09 Tue Apr 2024	87.40	92.65	93.00	86.80	0.753 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 71.5 as stoploss in an intra day buy trade for a target of 78.07. However, stock will show a bearish move below 71.5.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	62.75
Downside Target	66.75
Downside Target	68.15
Downside Target	71.50
Upside Target	76.45
Upside Target	82.40
Upside Target	84.10
Upside Target	87.55
Upside Target	89.15
Upside Target	95.95
Upside Target	112.10
Upside Target	116.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	68.83
Downside Intraday Target	64.71
Upside Intraday Target	79.73
Upside Intraday Target	86.51
Upside Intraday Target	75.61

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jul 2024	72.94	82.40	82.40	71.50	0.858 times
19 Fri Apr 2024	78.75	80.00	83.95	77.45	0.459 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

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 Jul 2024	72.94	74.78	76.50	71.50	0.092 times
22 Mon Apr 2024	80.05	69.60	95.95	68.15	0.916 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 gaining 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 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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 79.89 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.