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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 2024-12-19 View latest technical analysis

10 day averaged volume of Paramount Communications is 3889004

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	85.50	81.16	86.00	81.03	0.723 times
18 Wed Dec 2024	83.55	84.50	86.45	82.25	0.75 times
17 Tue Dec 2024	84.49	82.75	85.45	81.60	0.882 times
16 Mon Dec 2024	83.22	81.50	85.50	81.50	1.467 times
13 Fri Dec 2024	80.02	78.81	82.43	78.00	0.926 times
12 Thu Dec 2024	79.10	82.50	83.51	78.80	0.458 times
11 Wed Dec 2024	82.40	83.50	85.95	81.81	1.175 times
10 Tue Dec 2024	82.73	75.61	85.17	74.35	2.153 times
09 Mon Dec 2024	75.84	77.00	78.25	75.10	0.416 times
06 Fri Dec 2024	76.64	73.65	78.39	72.22	0.992 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 81.9, but if it comes below 81.9, then a intra day sell could be more profitable.
If you take a sell trade below 81.9, then use 81.9 as stoploss and 75.62 as target. However if you take a buy trade in stock , then use 81.9 as stoploss and 89.4 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	64.50
Downside Target	67.01
Downside Target	72.31
Downside Target	74.35
Downside Target	75.89
Downside Target	78.39
Downside Target	81.03
Downside Target	85.00
Upside Target	85.95
Upside Target	86.45
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	82.2
Downside Intraday Target	78.91
Upside Intraday Target	87.62
Upside Intraday Target	89.75
Downside Intraday Target	84.33

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	85.50	81.50	86.45	81.03	0.745 times
13 Fri Dec 2024	80.02	77.00	85.95	74.35	1.774 times
06 Fri Dec 2024	76.64	71.01	78.39	67.50	2.332 times
29 Fri Nov 2024	71.84	69.00	72.45	67.90	1.068 times
22 Fri Nov 2024	66.81	68.50	68.90	64.50	0.976 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
19 Thu Dec 2024	85.50	71.01	86.45	67.50	2.3 times
29 Fri Nov 2024	71.84	73.08	75.89	64.50	0.381 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Paramount Communications stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Paramount Communications in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying 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 81.87 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 positive

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