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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)

10 day averaged volume of Paras Petrofils is 221557

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	3.80	3.80	3.80	3.80	0.938 times
25 Thu Apr 2024	3.85	3.85	3.85	3.85	2.672 times
24 Wed Apr 2024	3.90	3.90	3.90	3.90	0.853 times
23 Tue Apr 2024	3.75	3.75	3.75	3.75	0.739 times
22 Mon Apr 2024	3.60	3.60	3.60	3.60	0.692 times
19 Fri Apr 2024	3.45	3.45	3.45	3.45	0.836 times
18 Thu Apr 2024	3.30	3.30	3.30	3.30	1.176 times
16 Tue Apr 2024	3.15	3.15	3.15	3.15	0.29 times
15 Mon Apr 2024	3.00	2.95	3.00	2.90	1.739 times
12 Fri Apr 2024	2.90	2.90	2.90	2.90	0.731 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3.6, but if it comes below 3.6, then a intra day sell could be more profitable.
If you take a sell trade below 3.6, then use 3.6 as stoploss and 3.13 as target. However if you take a buy trade in stock , then use 3.6 as stoploss and 4.1 as target.

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	3.63
Downside Intraday Target	3.47
Upside Intraday Target	3.93
Upside Intraday Target	4.07
Downside Intraday Target	3.77

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	3.80	3.60	3.90	3.60	1.459 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
26 Fri Apr 2024	3.80	2.75	3.90	2.65	1.552 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, and volume has increased substantially. This means that the move can 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 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 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 3.51 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.