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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 2024-09-05 View latest technical analysis

10 day averaged volume of Paramount Communications is 6927223

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	90.12	89.01	94.50	88.91	2.125 times
04 Wed Sep 2024	88.00	87.80	90.50	87.06	0.836 times
03 Tue Sep 2024	87.92	90.50	91.79	87.60	0.65 times
02 Mon Sep 2024	89.96	90.50	95.00	89.21	1.612 times
30 Fri Aug 2024	88.79	89.00	90.30	86.50	0.367 times
29 Thu Aug 2024	88.17	86.74	89.99	85.10	0.651 times
28 Wed Aug 2024	86.73	88.74	90.45	86.50	0.496 times
27 Tue Aug 2024	88.52	88.99	92.45	87.51	1.748 times
26 Mon Aug 2024	88.12	82.10	92.85	81.50	2.864 times
23 Fri Aug 2024	81.27	79.26	82.65	79.25	0.445 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 88.3, but if it comes below 88.3, then a intra day sell could be more profitable.
If you take a sell trade below 88.3, then use 88.3 as stoploss and 84.19 as target. However if you take a buy trade in stock , then use 88.3 as stoploss and 93.2 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	62.75
Downside Target	68.15
Downside Target	72.31
Downside Target	77.69
Downside Target	81.50
Downside Target	86.73
Downside Target	87.55
Downside Target	87.60
Upside Target	92.85
Upside Target	95.00
Upside Target	95.95

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	86.45
Downside Intraday Target	82.79
Upside Intraday Target	94.39
Upside Intraday Target	98.67
Upside Intraday Target	90.73

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	90.12	90.50	95.00	87.06	0.853 times
30 Fri Aug 2024	88.79	82.10	92.85	81.50	4.683 times
23 Fri Aug 2024	81.27	80.50	83.10	77.69	1.005 times
16 Fri Aug 2024	79.60	81.25	86.73	78.30	0.469 times
09 Fri Aug 2024	80.42	76.00	87.60	72.31	1.437 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
05 Thu Sep 2024	90.12	90.50	95.00	87.06	0.437 times
30 Fri Aug 2024	88.79	82.00	92.85	72.31	4.773 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

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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Paramount Communications stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 SELL signal in short term but selling 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 88.48 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.