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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 2024-08-05 View latest technical analysis

10 day averaged volume of Paramount Communications is 1795019

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	74.83	76.00	76.70	74.83	0.769 times
02 Fri Aug 2024	78.77	77.75	81.00	76.75	0.835 times
01 Thu Aug 2024	78.92	82.00	82.60	77.53	0.931 times
31 Wed Jul 2024	81.62	80.95	82.57	80.10	1.431 times
30 Tue Jul 2024	79.51	78.00	81.93	76.52	2.481 times
29 Mon Jul 2024	78.03	76.60	78.91	75.50	1.764 times
26 Fri Jul 2024	75.16	73.74	76.83	73.74	1.077 times
25 Thu Jul 2024	73.18	72.01	73.50	71.52	0.283 times
24 Wed Jul 2024	72.01	72.80	73.65	71.81	0.317 times
23 Tue Jul 2024	72.38	71.99	73.75	69.20	0.451 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 73.1 as stoploss in an intra day buy trade for a target of 76.9. However, stock will show a bearish move below 73.1.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	62.75
Downside Target	68.15
Downside Target	71.50
Downside Target	74.83
Upside Target	82.40
Upside Target	82.57
Upside Target	82.60
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	74.21
Downside Intraday Target	73.58
Upside Intraday Target	76.08
Upside Intraday Target	77.32
Upside Intraday Target	75.45

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	74.83	76.00	76.70	74.83	0.103 times
02 Fri Aug 2024	78.77	76.60	82.60	75.50	2.909 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

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
05 Mon Aug 2024	74.83	82.00	82.60	74.83	0.262 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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 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 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 77.92 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 positive

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