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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 2024-06-03 View latest technical analysis

10 day averaged volume of Paras Petrofils is 116818

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	3.30	3.30	3.30	3.30	3.025 times
31 Fri May 2024	3.15	3.15	3.15	3.15	1.201 times
30 Thu May 2024	3.10	3.10	3.10	3.10	0.785 times
29 Wed May 2024	3.15	3.20	3.20	3.15	0.456 times
28 Tue May 2024	3.20	3.25	3.25	3.20	0.902 times
27 Mon May 2024	3.25	3.30	3.30	3.25	1.399 times
24 Fri May 2024	3.30	3.20	3.30	3.20	0.869 times
23 Thu May 2024	3.25	3.30	3.30	3.25	0.931 times
22 Wed May 2024	3.30	3.30	3.30	3.30	1.476 times
21 Tue May 2024	3.35	3.35	3.35	3.35	1.856 times

Stock of Paras Petrofils (PARASPETRO_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 3.4 or till 3.5. Use a stoploss of 3.29 and if this stock hits its stoploss, then it can fall down till 3.19

Share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Target	2.45
Downside Target	2.65
Downside Target	2.80
Downside Target	3.10
Downside Target	3.30
Upside Target	3.35
Upside Target	3.60
Upside Target	3.65
Upside Target	3.90

Intraday share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Intraday Target	3.3
Downside Intraday Target	3.3
Downside Intraday Target	3.3
Downside Intraday Target	3.3
Downside Intraday Target	3.3

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	3.30	3.30	3.30	3.30	0.638 times
31 Fri May 2024	3.15	3.30	3.30	3.10	0.924 times
24 Fri May 2024	3.30	3.35	3.35	3.20	0.876 times
18 Sat May 2024	3.35	3.30	3.35	3.20	1.709 times
10 Fri May 2024	3.35	3.60	3.60	3.35	0.802 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
03 Mon Jun 2024	3.30	3.30	3.30	3.30	0.141 times
31 Fri May 2024	3.15	3.65	3.65	3.10	0.699 times
30 Tue Apr 2024	3.70	2.75	3.90	2.65	1.661 times
28 Thu Mar 2024	2.80	3.30	3.60	2.80	0.515 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 gaining 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 3.26 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.