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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 2024-10-15 View latest technical analysis

10 day averaged volume of Paramount Communications is 3078831

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	77.50	77.87	79.25	77.26	0.419 times
14 Mon Oct 2024	77.56	79.20	82.00	77.00	0.756 times
11 Fri Oct 2024	79.02	79.87	80.12	78.37	0.373 times
10 Thu Oct 2024	79.25	78.59	80.77	78.25	0.536 times
09 Wed Oct 2024	78.06	80.40	81.67	77.35	1.171 times
08 Tue Oct 2024	79.70	75.99	80.29	74.91	0.921 times
07 Mon Oct 2024	75.82	80.50	82.24	75.01	1.19 times
04 Fri Oct 2024	79.66	84.00	86.20	79.00	1.97 times
03 Thu Oct 2024	83.93	87.30	88.43	82.27	1.627 times
01 Tue Oct 2024	88.68	85.91	90.15	85.90	0.895 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 78.9, but if it comes above 78.9, then a intra day buy could be more profitable.
If you take a sell trade below 78.9, then use 78.9 as stoploss and 71.2 as target. However if you take a buy trade in stock , then use 78.9 as stoploss and 85.36 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	68.15
Downside Target	72.31
Downside Target	74.91
Downside Target	77.00
Upside Target	79.00
Upside Target	82.00
Upside Target	85.00
Upside Target	90.15
Upside Target	90.50
Upside Target	92.85
Upside Target	95.91
Upside Target	95.95
Upside Target	100.63

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	75.67
Downside Intraday Target	73.83
Upside Intraday Target	80.67
Upside Intraday Target	83.83
Upside Intraday Target	78.83

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	77.50	79.20	82.00	77.00	0.28 times
11 Fri Oct 2024	79.02	80.50	82.24	74.91	0.829 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

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
15 Tue Oct 2024	77.50	85.91	90.15	74.91	0.208 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Paramount Communications stock for short term is SELL. Signal strength is Weak 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 80.23 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.