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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 2024-04-10 View latest technical analysis

10 day averaged volume of Paras Petrofils is 109158

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	2.85	2.85	2.85	2.85	0.554 times
09 Tue Apr 2024	2.80	2.80	2.80	2.80	0.561 times
08 Mon Apr 2024	2.80	2.80	2.80	2.80	0.901 times
05 Fri Apr 2024	2.80	2.80	2.80	2.80	1.465 times
04 Thu Apr 2024	2.75	2.70	2.75	2.70	1.651 times
03 Wed Apr 2024	2.70	2.65	2.70	2.65	2.084 times
02 Tue Apr 2024	2.70	2.75	2.75	2.70	1.108 times
01 Mon Apr 2024	2.75	2.75	2.75	2.75	0.678 times
28 Thu Mar 2024	2.80	2.80	2.80	2.80	0.439 times
27 Wed Mar 2024	2.85	2.85	2.85	2.85	0.288 times

My analysis of stock is bearish for shortterm, and stock might move down till 2.7 or till 2.5. Use a stoploss of 2.95 and if the stock hits stoploss, then it can shoot up till 3.15

Share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Target	2.15
Downside Target	2.20
Downside Target	2.45
Downside Target	2.50
Downside Target	2.65
Downside Target	2.80
Upside Target	2.95
Upside Target	3.15
Upside Target	3.20
Upside Target	3.40
Upside Target	3.60

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	2.87
Upside Intraday Target	2.88
Downside Intraday Target	2.83

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	2.85	2.80	2.85	2.80	0.288 times
05 Fri Apr 2024	2.80	2.75	2.80	2.65	4.504 times
28 Thu Mar 2024	2.80	2.90	2.90	2.80	0.759 times
22 Fri Mar 2024	2.95	3.15	3.15	2.95	0.563 times
15 Fri Mar 2024	3.20	3.40	3.40	3.20	0.343 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
10 Wed Apr 2024	2.85	2.75	2.85	2.65	0.456 times
28 Thu Mar 2024	2.80	3.30	3.60	2.80	0.515 times
29 Thu Feb 2024	3.15	2.90	3.15	2.45	0.941 times
31 Wed Jan 2024	2.85	2.15	2.95	2.15	0.986 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Paras Petrofils Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 2.76 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.