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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 2024-08-07 View latest technical analysis

10 day averaged volume of Paramount Communications is 1885654

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	81.61	77.00	83.45	74.80	2.718 times
06 Tue Aug 2024	72.85	75.00	76.94	72.31	0.586 times
05 Mon Aug 2024	74.83	76.00	76.70	74.83	0.732 times
02 Fri Aug 2024	78.77	77.75	81.00	76.75	0.795 times
01 Thu Aug 2024	78.92	82.00	82.60	77.53	0.886 times
31 Wed Jul 2024	81.62	80.95	82.57	80.10	1.362 times
30 Tue Jul 2024	79.51	78.00	81.93	76.52	2.362 times
29 Mon Jul 2024	78.03	76.60	78.91	75.50	1.679 times
26 Fri Jul 2024	75.16	73.74	76.83	73.74	1.025 times
25 Thu Jul 2024	73.18	72.01	73.50	71.52	0.27 times

Stock of Paramount Communications (PARACABLES) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 79.9, but if it comes below 79.9, then a intra day sell could be more profitable.
If you take a sell trade below 79.9, then use 79.9 as stoploss and 76.38 as target. However if you take a buy trade in stock , then use 79.9 as stoploss and 84.1 as target.

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	83.45
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	74.8
Downside Intraday Target	67.98
Upside Intraday Target	85.94
Upside Intraday Target	90.26
Downside Intraday Target	79.12

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	81.61	76.00	83.45	72.31	0.57 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 up 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
07 Wed Aug 2024	81.61	82.00	83.45	72.31	0.621 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 weakening, and bulls 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 buy signal for Paramount Communications in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 78.82 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.