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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 2024-09-27 View latest technical analysis

10 day averaged volume of Paramount Communications is 6829642

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	86.76	87.90	89.80	86.17	0.281 times
26 Thu Sep 2024	87.69	89.66	91.25	87.12	0.309 times
25 Wed Sep 2024	89.45	90.35	91.29	88.22	0.353 times
24 Tue Sep 2024	90.45	92.88	93.04	90.00	0.341 times
23 Mon Sep 2024	92.52	93.84	95.91	92.10	0.658 times
20 Fri Sep 2024	93.12	92.01	93.90	91.51	0.404 times
19 Thu Sep 2024	91.08	96.88	98.03	90.50	0.791 times
18 Wed Sep 2024	96.01	95.20	98.78	93.67	1.441 times
17 Tue Sep 2024	95.00	95.85	95.94	93.05	0.53 times
16 Mon Sep 2024	94.96	96.00	100.63	94.30	1.733 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 88.1, but if it comes above 88.1, then a intra day buy could be more profitable.
If you take a sell trade below 88.1, then use 88.1 as stoploss and 84.9 as target. However if you take a buy trade in stock , then use 88.1 as stoploss and 90.77 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	81.50
Downside Target	86.02
Upside Target	90.50
Upside Target	92.85
Upside Target	95.00
Upside Target	95.91
Upside Target	95.95
Upside Target	98.70
Upside Target	100.63

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	83.32
Downside Intraday Target	79.87
Upside Intraday Target	93.06
Upside Intraday Target	99.35
Upside Intraday Target	89.61

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	86.76	93.84	95.91	86.17	0.396 times
20 Fri Sep 2024	93.12	96.00	100.63	90.50	0.617 times
13 Fri Sep 2024	94.79	90.50	98.70	86.02	1.249 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

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
27 Fri Sep 2024	86.76	90.50	100.63	86.02	1.741 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 down this month, and volume has increased substantially. This means that the move can 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 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 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 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 Weak and stock is losing momentum.

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

Paramount Communications Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 and SELL 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 93.22 and Paramount Communications (PARACABLES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.