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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 2024-09-09 View latest technical analysis

10 day averaged volume of Paramount Communications is 8582706

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	88.90	90.50	91.27	86.02	0.501 times
06 Fri Sep 2024	89.86	90.95	93.20	88.50	0.841 times
05 Thu Sep 2024	90.12	89.01	94.50	88.91	1.715 times
04 Wed Sep 2024	88.00	87.80	90.50	87.06	0.675 times
03 Tue Sep 2024	87.92	90.50	91.79	87.60	0.525 times
02 Mon Sep 2024	89.96	90.50	95.00	89.21	1.301 times
30 Fri Aug 2024	88.79	89.00	90.30	86.50	0.296 times
29 Thu Aug 2024	88.17	86.74	89.99	85.10	0.525 times
28 Wed Aug 2024	86.73	88.74	90.45	86.50	0.4 times
27 Tue Aug 2024	88.52	88.99	92.45	87.51	1.411 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 89.2 as stoploss in an intra day sell trade for a target of 84.92. However, stock will show a bullish move above 89.2.

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	86.02
Downside Target	87.55
Upside Target	91.27
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	86.19
Downside Intraday Target	83.48
Upside Intraday Target	91.44
Upside Intraday Target	93.98
Downside Intraday Target	88.73

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	88.90	90.50	91.27	86.02	0.099 times
06 Fri Sep 2024	89.86	90.50	95.00	87.06	1.023 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

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
09 Mon Sep 2024	88.90	90.50	95.00	86.02	0.576 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 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 losing momentum.

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

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 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 and the buying is gaining 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 89.06 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.