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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 2024-02-21 View latest technical analysis

10 day averaged volume of Paras Petrofils is 123448

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	2.60	2.60	2.60	2.60	1.808 times
20 Tue Feb 2024	2.55	2.55	2.55	2.55	0.947 times
19 Mon Feb 2024	2.50	2.45	2.50	2.45	1.706 times
16 Fri Feb 2024	2.45	2.50	2.50	2.45	0.894 times
15 Thu Feb 2024	2.50	2.50	2.50	2.50	1.176 times
14 Wed Feb 2024	2.55	2.55	2.55	2.55	0.713 times
13 Tue Feb 2024	2.60	2.65	2.65	2.60	0.942 times
12 Mon Feb 2024	2.65	2.70	2.70	2.65	0.64 times
09 Fri Feb 2024	2.70	2.75	2.75	2.70	0.614 times
08 Thu Feb 2024	2.75	2.80	2.80	2.75	1.094 times

Share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Target	1.80
Downside Target	1.95
Downside Target	2.15
Downside Target	2.20
Downside Target	2.45
Downside Target	2.50
Downside Target	2.60
Upside 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	2.5
Downside Intraday Target	2.4
Upside Intraday Target	2.65
Upside Intraday Target	2.7
Downside Intraday Target	2.55

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	2.60	2.45	2.60	2.45	1.022 times
16 Fri Feb 2024	2.45	2.70	2.70	2.45	0.731 times
09 Fri Feb 2024	2.70	2.95	2.95	2.70	0.739 times
02 Fri Feb 2024	2.90	2.75	2.95	2.75	1.558 times
25 Thu Jan 2024	2.70	2.80	2.80	2.70	0.481 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
21 Wed Feb 2024	2.60	2.90	2.95	2.45	0.525 times
31 Wed Jan 2024	2.85	2.15	2.95	2.15	0.986 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

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 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 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 and the sell signal is strong.

Paras Petrofils 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Paras Petrofils 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 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 2.58 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 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.