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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 2024-01-29 View latest technical analysis

10 day averaged volume of Paras Petrofils is 208195

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	2.75	2.75	2.75	2.75	0.89 times
25 Thu Jan 2024	2.70	2.70	2.70	2.70	0.558 times
24 Wed Jan 2024	2.70	2.70	2.70	2.70	0.572 times
23 Tue Jan 2024	2.70	2.75	2.75	2.70	1.005 times
22 Mon Jan 2024	2.75	2.80	2.80	2.75	0.94 times
19 Fri Jan 2024	2.80	2.80	2.80	2.80	0.846 times
18 Thu Jan 2024	2.85	2.85	2.85	2.85	1.252 times
17 Wed Jan 2024	2.90	2.90	2.90	2.90	3.311 times
16 Tue Jan 2024	2.95	2.95	2.95	2.95	0.518 times
15 Mon Jan 2024	2.85	2.85	2.85	2.85	0.46 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2.8 as stoploss in an intra day sell trade for a target of 2.58. However, stock will show a bullish move above 2.8.

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	2.50
Downside Target	2.65
Downside Target	2.75
Upside Target	2.80
Upside Target	2.95

Intraday share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Intraday Target	2.75
Downside Intraday Target	2.75
Downside Intraday Target	2.75
Downside Intraday Target	2.75
Downside Intraday Target	2.75

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	2.75	2.75	2.75	2.75	0.29 times
25 Thu Jan 2024	2.70	2.80	2.80	2.70	0.481 times
19 Fri Jan 2024	2.80	2.85	2.95	2.80	1.332 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

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
29 Mon Jan 2024	2.75	2.15	2.95	2.15	0.918 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 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 Paras Petrofils ( (PARASPETRO_BE) ) 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 Paras Petrofils ( (PARASPETRO_BE) ) 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 Paras Petrofils stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Paras Petrofils 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Paras Petrofils in short term but BUY 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 buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.82 and Paras Petrofils (PARASPETRO_BE) 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 Paras Petrofils (PARASPETRO_BE) stock. Volume based technical analysis of Paras Petrofils (PARASPETRO_BE) stock is negative.

Paras Petrofils 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.