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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 2024-10-09 View latest technical analysis

10 day averaged volume of Paramount Communications is 3082214

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	78.06	80.40	81.67	77.35	1.169 times
08 Tue Oct 2024	79.70	75.99	80.29	74.91	0.92 times
07 Mon Oct 2024	75.82	80.50	82.24	75.01	1.189 times
04 Fri Oct 2024	79.66	84.00	86.20	79.00	1.968 times
03 Thu Oct 2024	83.93	87.30	88.43	82.27	1.626 times
01 Tue Oct 2024	88.68	85.91	90.15	85.90	0.894 times
30 Mon Sep 2024	85.95	86.75	87.62	85.00	0.56 times
27 Fri Sep 2024	86.76	87.90	89.80	86.17	0.622 times
26 Thu Sep 2024	87.69	89.66	91.25	87.12	0.684 times
25 Wed Sep 2024	89.45	90.35	91.29	88.22	0.782 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 82.3, but if it comes above 82.3, then a intra day buy could be more profitable.
If you take a sell trade below 82.3, then use 82.3 as stoploss and 75.2 as target. However if you take a buy trade in stock , then use 82.3 as stoploss and 88.11 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	68.15
Downside Target	72.31
Downside Target	74.91
Upside Target	79.00
Upside Target	82.24
Upside Target	85.00
Upside Target	90.15
Upside Target	92.85
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	74.57
Downside Intraday Target	71.07
Upside Intraday Target	81.9
Upside Intraday Target	85.73
Upside Intraday Target	78.4

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	78.06	80.50	82.24	74.91	0.649 times
04 Fri Oct 2024	79.66	86.75	90.15	79.00	1.173 times
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

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 Wed Oct 2024	78.06	85.91	90.15	74.91	0.164 times
30 Mon Sep 2024	85.95	90.50	100.63	85.00	1.762 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

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 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Paramount Communications Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Paramount Communications in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Paramount Communications is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 82.51 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 negative.

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