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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 2024-11-05 View latest technical analysis

10 day averaged volume of Paramount Communications is 1918388

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	71.92	72.05	72.59	70.70	0.644 times
04 Mon Nov 2024	71.59	74.26	74.50	71.28	0.761 times
01 Fri Nov 2024	73.98	73.08	74.15	72.90	0.181 times
31 Thu Oct 2024	72.65	73.21	74.60	70.90	0.941 times
30 Wed Oct 2024	73.13	71.18	75.76	71.05	1.553 times
29 Tue Oct 2024	71.17	69.50	71.49	68.32	0.797 times
28 Mon Oct 2024	68.24	69.00	70.90	67.01	1.12 times
25 Fri Oct 2024	67.81	70.28	71.25	67.03	0.781 times
24 Thu Oct 2024	70.28	70.50	71.60	68.60	0.885 times
23 Wed Oct 2024	69.62	69.00	71.68	67.88	1.969 times

My analysis of stock is bearish for shortterm, and stock might move down till 70.1 or till 65.7. Use a stoploss of 73.72 and if the stock hits stoploss, then it can shoot up till 77.35

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	67.01
Downside Target	69.20
Downside Target	70.70
Upside Target	72.31
Upside Target	74.00
Upside Target	82.00
Upside Target	82.24
Upside Target	82.57
Upside Target	85.00
Upside Target	90.15
Upside Target	92.85
Upside Target	100.63

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	70.25
Downside Intraday Target	68.57
Upside Intraday Target	74.05
Upside Intraday Target	76.17
Upside Intraday Target	72.37

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	71.92	74.26	74.50	70.70	0.306 times
01 Fri Nov 2024	73.98	69.00	75.76	67.01	0.879 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

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
05 Tue Nov 2024	71.92	73.08	74.50	70.70	0.058 times
31 Thu Oct 2024	72.65	85.91	90.15	67.01	0.359 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

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 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 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 BUY signal for Paramount Communications in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Paramount Communications in short term but SELL 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 70.75 and Paramount Communications (PARACABLES) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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