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(PARASPETRO_BE) Paras Petrofils complete technical analysis [charts+indicators] | Buy/Sell Paras Petrofils | (PARASPETRO_BE) share price targets

Complete technical analysis of Paras Petrofils (PARASPETRO_BE) by charts plus indicators, forecast predictions and share price targets for Paras Petrofils (PARASPETRO_BE)

Showing technical analysis as on 2024-01-18 View latest technical analysis

10 day averaged volume of Paras Petrofils is 229454

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	2.85	2.85	2.85	2.85	1.136 times
17 Wed Jan 2024	2.90	2.90	2.90	2.90	3.004 times
16 Tue Jan 2024	2.95	2.95	2.95	2.95	0.47 times
15 Mon Jan 2024	2.85	2.85	2.85	2.85	0.417 times
12 Fri Jan 2024	2.75	2.75	2.75	2.75	0.488 times
11 Thu Jan 2024	2.65	2.65	2.65	2.65	0.616 times
10 Wed Jan 2024	2.55	2.55	2.55	2.55	1.067 times
09 Tue Jan 2024	2.45	2.45	2.45	2.45	0.859 times
08 Mon Jan 2024	2.35	2.35	2.35	2.35	1.322 times
05 Fri Jan 2024	2.25	2.25	2.25	2.25	0.833 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.7, but if it comes below 2.7, then a intra day sell could be more profitable.
If you take a sell trade below 2.7, then use 2.7 as stoploss and 2.43 as target. However if you take a buy trade in stock , then use 2.7 as stoploss and 3 as target.

Share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Target	1.25
Downside Target	1.80
Downside Target	1.90
Downside Target	1.95
Downside Target	2.15
Downside Target	2.20
Downside Target	2.25
Downside Target	2.35
Downside Target	2.45
Downside Target	2.50
Downside Target	2.65
Downside Target	2.75
Downside Target	2.85
Upside Target	2.95

Intraday share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Intraday Target	2.82
Downside Intraday Target	2.78
Upside Intraday Target	2.92
Upside Intraday Target	2.98
Upside Intraday Target	2.88

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	2.85	2.85	2.95	2.85	1.155 times
12 Fri Jan 2024	2.75	2.35	2.75	2.35	1.014 times
05 Fri Jan 2024	2.25	2.15	2.25	2.15	1.911 times
29 Fri Dec 2023	2.20	2.25	2.25	2.20	0.565 times
22 Fri Dec 2023	2.25	2.45	2.45	2.25	0.604 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 Paras Petrofils (PARASPETRO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	2.85	2.15	2.95	2.15	0.696 times
29 Fri Dec 2023	2.20	2.40	2.50	2.20	0.619 times
30 Thu Nov 2023	2.45	2.35	2.50	1.80	1.449 times
31 Tue Oct 2023	2.40	1.95	2.65	1.95	0.493 times

Scroll below to view daily charts

Price has moved up 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 Paras Petrofils (PARASPETRO_BE)

Price action analysis of Paras Petrofils ( (PARASPETRO_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Paras Petrofils ( (PARASPETRO_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Paras Petrofils ( (PARASPETRO_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

MACD generated a BUY signal for Paras Petrofils 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.

Paras Petrofils Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Paras Petrofils in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Paras Petrofils is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.67 and Paras Petrofils (PARASPETRO_BE) 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 Paras Petrofils (PARASPETRO_BE) stock. Volume based technical analysis of Paras Petrofils (PARASPETRO_BE) stock is negative.

Paras Petrofils 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.