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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 2024-08-30 View latest technical analysis

10 day averaged volume of Paras Petrofils is 115441

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	3.92	4.03	4.03	3.92	2.259 times
29 Thu Aug 2024	3.96	3.96	3.96	3.96	1.594 times
28 Wed Aug 2024	3.89	3.89	3.89	3.89	0.701 times
27 Tue Aug 2024	3.82	3.82	3.82	3.82	1.033 times
26 Mon Aug 2024	3.75	3.72	3.75	3.72	1.36 times
23 Fri Aug 2024	3.68	3.62	3.68	3.62	0.666 times
22 Thu Aug 2024	3.61	3.57	3.61	3.57	0.58 times
21 Wed Aug 2024	3.56	3.50	3.56	3.50	1.213 times
20 Tue Aug 2024	3.50	3.55	3.55	3.50	1.493 times
19 Mon Aug 2024	3.55	3.55	3.55	3.55	0.746 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3.9, but if it comes below 3.9, then a intra day sell could be more profitable.
If you take a sell trade below 3.9, then use 3.9 as stoploss and 3.73 as target. However if you take a buy trade in stock , then use 3.9 as stoploss and 4 as target.

Share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Target	2.65
Downside Target	3.10
Downside Target	3.28
Downside Target	3.50
Downside Target	3.65
Downside Target	3.90
Downside Target	3.91
Downside Target	3.92
Upside Target	4.03
Upside Target	4.49
Upside Target	4.63

Intraday share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Intraday Target	3.75
Downside Intraday Target	3.58
Upside Intraday Target	4.06
Upside Intraday Target	4.2
Downside Intraday Target	3.89

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	3.92	3.72	4.03	3.72	1.479 times
23 Fri Aug 2024	3.68	3.55	3.68	3.50	1.215 times
16 Fri Aug 2024	3.55	3.69	3.69	3.55	0.948 times
09 Fri Aug 2024	3.69	3.91	3.91	3.69	0.343 times
02 Fri Aug 2024	3.92	4.41	4.63	3.92	0.616 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
30 Fri Aug 2024	3.92	4.00	4.03	3.50	0.424 times
31 Wed Jul 2024	4.09	3.71	4.63	3.28	0.767 times
28 Fri Jun 2024	3.71	3.30	4.49	3.30	2.925 times
31 Fri May 2024	3.15	3.65	3.65	3.10	0.699 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Paras Petrofils stock for short term is SELL. Signal strength is Weak 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 red color and prices are in or above the red 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 and the buying is gaining 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 3.75 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.