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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 2024-08-01 View latest technical analysis

10 day averaged volume of Paramount Communications is 1628020

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	78.92	82.00	82.60	77.53	1.027 times
31 Wed Jul 2024	81.62	80.95	82.57	80.10	1.577 times
30 Tue Jul 2024	79.51	78.00	81.93	76.52	2.736 times
29 Mon Jul 2024	78.03	76.60	78.91	75.50	1.945 times
26 Fri Jul 2024	75.16	73.74	76.83	73.74	1.187 times
25 Thu Jul 2024	73.18	72.01	73.50	71.52	0.313 times
24 Wed Jul 2024	72.01	72.80	73.65	71.81	0.35 times
23 Tue Jul 2024	72.38	71.99	73.75	69.20	0.497 times
22 Mon Jul 2024	70.99	73.11	73.48	70.25	0.473 times
19 Fri Jul 2024	72.82	73.87	73.87	71.50	0.314 times

My analysis of stock is bullish for shortterm, and stock might move up till 82.4 or till 87.9. Use a stoploss of 77.8 and if this stock hits its stoploss, then it can fall down till 73.21

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	62.75
Downside Target	68.15
Downside Target	71.50
Downside Target	75.50
Upside Target	82.40
Upside Target	82.60
Upside Target	83.40
Upside Target	83.95
Upside Target	87.55
Upside Target	95.95
Upside Target	112.10

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	75.41
Downside Intraday Target	71.91
Upside Intraday Target	82.51
Upside Intraday Target	86.11
Upside Intraday Target	79.01

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	78.92	76.60	82.60	75.50	2.583 times
26 Fri Jul 2024	75.16	73.11	76.83	69.20	1.384 times
19 Fri Jul 2024	72.82	82.40	82.40	71.50	1.015 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Paramount Communications (PARACABLES)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	78.92	82.00	82.60	77.53	0.096 times
31 Wed Jul 2024	81.62	74.78	82.57	69.20	0.769 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

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 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 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 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 green color and prices are in or below the green 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 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 77.63 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 positive

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