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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 2024-11-25 View latest technical analysis

10 day averaged volume of Paramount Communications is 1087882

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	68.22	69.00	69.65	68.00	0.71 times
22 Fri Nov 2024	66.81	65.91	67.50	64.50	0.671 times
21 Thu Nov 2024	65.50	67.00	67.00	64.80	0.706 times
19 Tue Nov 2024	66.77	66.30	68.65	66.01	1.754 times
18 Mon Nov 2024	65.95	68.50	68.90	65.60	1.018 times
14 Thu Nov 2024	67.36	66.20	69.30	66.20	0.879 times
13 Wed Nov 2024	66.20	69.40	69.40	65.70	1.45 times
12 Tue Nov 2024	68.50	70.97	71.67	68.05	1.086 times
11 Mon Nov 2024	70.70	71.25	72.55	70.11	0.835 times
08 Fri Nov 2024	71.53	73.60	74.05	71.25	0.666 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 66.9 as stoploss in an intra day buy trade for a target of 69.8. However, stock will show a bearish move below 66.9.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	64.50
Upside Target	72.31
Upside Target	72.55
Upside Target	75.76
Upside Target	75.89
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	67.6
Downside Intraday Target	66.97
Upside Intraday Target	69.25
Upside Intraday Target	70.27
Upside Intraday Target	68.62

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	68.22	69.00	69.65	68.00	0.171 times
22 Fri Nov 2024	66.81	68.50	68.90	64.50	0.976 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

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
25 Mon Nov 2024	68.22	73.08	75.89	64.50	0.304 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing 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 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 and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 67.52 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 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.