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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 2024-10-28 View latest technical analysis

10 day averaged volume of Paramount Communications is 1728205

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	68.24	69.00	70.90	67.01	1.243 times
25 Fri Oct 2024	67.81	70.28	71.25	67.03	0.867 times
24 Thu Oct 2024	70.28	70.50	71.60	68.60	0.983 times
23 Wed Oct 2024	69.62	69.00	71.68	67.88	2.185 times
22 Tue Oct 2024	69.61	72.64	72.64	68.80	1.124 times
21 Mon Oct 2024	72.86	75.98	76.65	72.52	0.636 times
18 Fri Oct 2024	75.53	76.20	76.69	74.00	0.985 times
17 Thu Oct 2024	76.78	78.19	78.40	76.20	0.487 times
16 Wed Oct 2024	77.87	77.40	78.30	76.50	0.639 times
15 Tue Oct 2024	77.50	77.87	79.25	77.26	0.747 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 71.1, but if it comes above 71.1, then a intra day buy could be more profitable.
If you take a sell trade below 71.1, then use 71.1 as stoploss and 64.4 as target. However if you take a buy trade in stock , then use 71.1 as stoploss and 76.69 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	67.01
Upside Target	70.90
Upside Target	74.00
Upside Target	76.65
Upside Target	79.00
Upside Target	82.00
Upside Target	82.57
Upside Target	85.00
Upside Target	90.15
Upside Target	92.85
Upside Target	95.95
Upside Target	100.63

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	66.53
Downside Intraday Target	64.83
Upside Intraday Target	70.42
Upside Intraday Target	72.61
Upside Intraday Target	68.72

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	68.24	69.00	70.90	67.01	0.214 times
25 Fri Oct 2024	67.81	75.98	76.65	67.03	1.378 times
18 Fri Oct 2024	75.53	79.20	82.00	74.00	0.563 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

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
28 Mon Oct 2024	68.24	85.91	90.15	67.01	0.316 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Paramount Communications stock for short term is SELL. Signal strength is Strong and stock is gaining 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 moving up

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 and selling is picking up 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 71.63 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.