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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 2024-10-29 View latest technical analysis

10 day averaged volume of Paras Petrofils is 78607

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	3.16	2.94	3.16	2.94	2.008 times
28 Mon Oct 2024	3.01	2.88	3.01	2.75	1.784 times
25 Fri Oct 2024	2.87	2.90	2.90	2.87	0.546 times
24 Thu Oct 2024	2.93	2.93	2.93	2.93	0.907 times
23 Wed Oct 2024	2.99	2.99	2.99	2.99	0.708 times
22 Tue Oct 2024	3.06	3.06	3.06	3.06	0.336 times
21 Mon Oct 2024	3.13	3.13	3.13	3.13	0.465 times
18 Fri Oct 2024	3.20	3.19	3.21	3.19	1.019 times
17 Thu Oct 2024	3.26	3.19	3.29	3.19	2.191 times
16 Wed Oct 2024	3.26	3.33	3.33	3.26	0.539 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 bearish for shortterm, and stock might move down till 3 or till 2.9. Use a stoploss of 3.19 and if the stock hits stoploss, then it can shoot up till 3.34

Share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Target	2.75
Downside Target	2.87
Downside Target	3.13
Upside Target	3.27
Upside Target	3.47
Upside Target	3.50
Upside Target	3.55
Upside Target	3.60
Upside Target	4.03
Upside Target	4.14
Upside Target	4.49
Upside Target	4.63

Intraday share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Intraday Target	2.89
Downside Intraday Target	2.61
Upside Intraday Target	3.3
Upside Intraday Target	3.43
Downside Intraday Target	3.02

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	3.16	2.88	3.16	2.75	1.281 times
25 Fri Oct 2024	2.87	3.13	3.13	2.87	0.426 times
18 Fri Oct 2024	3.20	3.30	3.33	3.19	1.313 times
11 Fri Oct 2024	3.25	3.27	3.27	3.13	0.64 times
04 Fri Oct 2024	3.34	3.60	3.60	3.34	1.79 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
29 Tue Oct 2024	3.16	3.55	3.55	2.75	0.373 times
30 Mon Sep 2024	3.55	3.84	4.14	3.47	2.119 times
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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Paras Petrofils ( (PARASPETRO_BE) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY signal for Paras Petrofils in short term but the buy signal is initial and weak.

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

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 3.11 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 negative.

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