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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.

10 day averaged volume of Paramount Communications is 944363

Date Daily Closing Price Open High Low Volume
22 Fri Jan 2021 8.95 9.20 9.20 8.75 0.284 times
21 Thu Jan 2021 8.95 9.20 9.40 8.90 0.282 times
20 Wed Jan 2021 9.15 9.45 9.60 9.10 0.24 times
19 Tue Jan 2021 9.45 9.05 9.70 9.05 0.469 times
18 Mon Jan 2021 9.00 9.35 9.85 8.70 0.324 times
15 Fri Jan 2021 9.35 9.70 9.70 8.90 0.528 times
14 Thu Jan 2021 9.55 9.95 10.35 9.45 0.709 times
13 Wed Jan 2021 9.85 8.90 10.35 8.70 1.625 times
12 Tue Jan 2021 8.90 9.65 9.65 8.55 0.893 times
11 Mon Jan 2021 9.60 10.30 10.55 9.35 1.003 times

My analysis of stock is bullish for shortterm, and stock might move up till 9.8 or till 11. Use a stoploss of 8.75 and if this stock hits its stoploss, then it can fall down till 7.72

Share price targets for Paramount Communications (PARACABLES)

Target Type Value
Downside Target 6.05
Downside Target 6.25
Downside Target 6.65
Downside Target 6.90
Downside Target 7.10
Downside Target 7.40
Downside Target 7.85
Downside Target 8.35
Downside Target 8.55
Downside Target 8.70
Upside Target 9.85
Upside Target 10.55
Upside Target 11.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type Value
Downside Intraday Target 8.48
Downside Intraday Target 8.02
Upside Intraday Target 9.63
Upside Intraday Target 10.32
Upside Intraday Target 9.17

Weekly technical analysis of Paramount Communications (PARACABLES)

Date Weekly Closing Price Open High Low Volume
22 Fri Jan 2021 8.95 9.35 9.85 8.70 0.336 times
15 Fri Jan 2021 9.35 10.30 10.55 8.55 0.359 times
08 Fri Jan 2021 10.25 7.95 11.85 7.40 11.06 times
01 Fri Jan 2021 7.70 7.40 8.10 6.95 1.84 times
24 Thu Dec 2020 7.25 7.95 7.95 6.90 0.529 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
22 Fri Jan 2021 8.95 8.00 11.85 7.40 3.192 times
31 Thu Dec 2020 7.60 6.70 8.50 6.65 2.661 times
27 Fri Nov 2020 6.65 7.10 7.10 6.05 1.022 times
30 Fri Oct 2020 7.05 6.80 7.85 6.25 1.104 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 23, 18, 12 Buy
MACD 1, 1Sell
Stochastics 17Sell
CCI -103Sell
RSI 64Buy
OBV 2863316Sell
VWAP 9Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a SELL signal for Paramount Communications in short term but the sell signal is initial and weak.

Paramount Communications Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 9.42 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 positive

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

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