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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 2024-04-25 View latest technical analysis

10 day averaged volume of Paras Petrofils is 168482

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	3.85	3.85	3.85	3.85	3.514 times
24 Wed Apr 2024	3.90	3.90	3.90	3.90	1.121 times
23 Tue Apr 2024	3.75	3.75	3.75	3.75	0.972 times
22 Mon Apr 2024	3.60	3.60	3.60	3.60	0.91 times
19 Fri Apr 2024	3.45	3.45	3.45	3.45	1.099 times
18 Thu Apr 2024	3.30	3.30	3.30	3.30	1.547 times
16 Tue Apr 2024	3.15	3.15	3.15	3.15	0.381 times
15 Mon Apr 2024	3.00	2.95	3.00	2.90	2.286 times
12 Fri Apr 2024	2.90	2.90	2.90	2.90	0.962 times
10 Wed Apr 2024	2.85	2.85	2.85	2.85	0.359 times

Stock of Paras Petrofils (PARASPETRO_BE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 4, for a target of 3.5 or 3.08

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
Downside Target	2.90
Downside Target	3.15
Downside Target	3.45
Downside Target	3.60
Upside Target	3.90

Intraday share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Intraday Target	3.67
Downside Intraday Target	3.48
Upside Intraday Target	3.97
Upside Intraday Target	4.08
Downside Intraday Target	3.78

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	3.85	3.60	3.90	3.60	1.227 times
19 Fri Apr 2024	3.45	2.95	3.45	2.90	2.343 times
12 Fri Apr 2024	2.90	2.80	2.90	2.80	0.501 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

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
25 Thu Apr 2024	3.85	2.75	3.90	2.65	1.456 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 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 Paras Petrofils ( (PARASPETRO_BE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Paras Petrofils stock for short term is BUY. Signal strength is Strong 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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 3.47 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.