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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 2024-11-19 View latest technical analysis

10 day averaged volume of Paramount Communications is 1144344

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	66.77	66.30	68.65	66.01	1.668 times
18 Mon Nov 2024	65.95	68.50	68.90	65.60	0.968 times
14 Thu Nov 2024	67.36	66.20	69.30	66.20	0.836 times
13 Wed Nov 2024	66.20	69.40	69.40	65.70	1.379 times
12 Tue Nov 2024	68.50	70.97	71.67	68.05	1.032 times
11 Mon Nov 2024	70.70	71.25	72.55	70.11	0.794 times
08 Fri Nov 2024	71.53	73.60	74.05	71.25	0.633 times
07 Thu Nov 2024	73.74	74.77	75.89	73.50	0.889 times
06 Wed Nov 2024	74.23	72.40	74.50	72.40	1.115 times
05 Tue Nov 2024	71.92	72.05	72.59	70.70	1.079 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.7, but if it comes above 67.7, then a intra day buy could be more profitable.
If you take a sell trade below 67.7, then use 67.7 as stoploss and 64.6 as target. However if you take a buy trade in stock , then use 67.7 as stoploss and 70.25 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	65.60
Upside Target	68.90
Upside Target	70.70
Upside Target	72.31
Upside Target	75.76
Upside Target	75.89
Upside Target	76.65
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	65.28
Downside Intraday Target	63.79
Upside Intraday Target	68.58
Upside Intraday Target	70.39
Upside Intraday Target	67.09

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	66.77	68.50	68.90	65.60	0.652 times
14 Thu Nov 2024	67.36	71.25	72.55	65.70	0.81 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

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
19 Tue Nov 2024	66.77	73.08	75.89	65.60	0.261 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 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 weakening, and bulls 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 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

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 69.36 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.