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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 2024-11-11 View latest technical analysis

10 day averaged volume of Paramount Communications is 1451966

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	70.70	71.25	72.55	70.11	0.626 times
08 Fri Nov 2024	71.53	73.60	74.05	71.25	0.499 times
07 Thu Nov 2024	73.74	74.77	75.89	73.50	0.7 times
06 Wed Nov 2024	74.23	72.40	74.50	72.40	0.878 times
05 Tue Nov 2024	71.92	72.05	72.59	70.70	0.851 times
04 Mon Nov 2024	71.59	74.26	74.50	71.28	1.006 times
01 Fri Nov 2024	73.98	73.08	74.15	72.90	0.239 times
31 Thu Oct 2024	72.65	73.21	74.60	70.90	1.243 times
30 Wed Oct 2024	73.13	71.18	75.76	71.05	2.052 times
29 Tue Oct 2024	71.17	69.50	71.49	68.32	1.053 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 69.7 as stoploss in an intra day buy trade for a target of 72.54. However, stock will show a bearish move below 69.7.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	67.01
Downside Target	69.20
Upside Target	72.31
Upside Target	74.00
Upside Target	75.76
Upside Target	76.65
Upside Target	82.00
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	69.69
Downside Intraday Target	68.68
Upside Intraday Target	72.13
Upside Intraday Target	73.56
Upside Intraday Target	71.12

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	70.70	71.25	72.55	70.11	0.159 times
08 Fri Nov 2024	71.53	74.26	75.89	70.70	0.649 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

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
11 Mon Nov 2024	70.70	73.08	75.89	70.11	0.133 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 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 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 to mid 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 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.

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 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

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 72.48 and Paramount Communications (PARACABLES) stock is trading below this level. This means that stock is falling with high volumes. 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.