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(PARACABLES) Paramount Communications complete technical analysis [charts+indicators] | Buy/Sell Paramount Communications | (PARACABLES) share price targets

Complete technical analysis of Paramount Communications (PARACABLES) by charts plus indicators, forecast predictions and share price targets for Paramount Communications (PARACABLES)

Paramount Communications trades in NSE in Other Elect.Equip. sector.

Showing technical analysis as on 2024-01-16 View latest technical analysis

10 day averaged volume of Paramount Communications is 1108931

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	91.95	94.70	94.95	90.00	0.747 times
15 Mon Jan 2024	92.30	91.00	93.50	91.00	0.534 times
12 Fri Jan 2024	92.00	95.90	98.40	90.80	1.15 times
11 Thu Jan 2024	95.05	90.95	95.05	90.95	0.965 times
10 Wed Jan 2024	90.55	91.85	92.80	89.85	0.55 times
09 Tue Jan 2024	91.85	93.60	96.00	91.10	0.537 times
08 Mon Jan 2024	93.60	97.25	98.15	93.00	0.968 times
05 Fri Jan 2024	96.65	98.50	98.50	91.30	3.484 times
04 Thu Jan 2024	93.85	93.25	93.85	93.25	0.542 times
03 Wed Jan 2024	89.40	85.35	89.40	84.30	0.547 times

My analysis of stock is bullish for shortterm, and stock might move up till 93.7 or till 97.7. Use a stoploss of 90.46 and if this stock hits its stoploss, then it can fall down till 87.17

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	34.15
Downside Target	40.25
Downside Target	43.90
Downside Target	57.75
Downside Target	61.75
Downside Target	68.00
Downside Target	78.75
Downside Target	84.10
Downside Target	87.00
Downside Target	89.85
Upside Target	92.10
Upside Target	94.95
Upside Target	96.35
Upside Target	98.40
Upside Target	98.50

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	89.65
Downside Intraday Target	87.35
Upside Intraday Target	94.6
Upside Intraday Target	97.25
Upside Intraday Target	92.3

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	91.95	91.00	94.95	90.00	0.307 times
12 Fri Jan 2024	92.00	97.25	98.40	89.85	0.724 times
05 Fri Jan 2024	96.65	88.70	98.50	84.10	1.265 times
29 Fri Dec 2023	88.15	94.50	96.35	87.00	0.493 times
22 Fri Dec 2023	92.10	78.75	92.10	78.75	0.756 times

Price has moved down 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 Paramount Communications (PARACABLES)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	91.95	88.70	98.50	84.10	0.369 times
29 Fri Dec 2023	88.15	66.00	96.35	61.75	17.693 times
30 Thu Nov 2023	64.65	63.50	68.00	62.05	0.052 times
21 Mon Aug 2023	56.00	41.65	57.75	40.25	2.026 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 Paramount Communications (PARACABLES)

Price action analysis of Paramount Communications ( (PARACABLES) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Paramount Communications ( (PARACABLES) ) 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 Paramount Communications ( (PARACABLES) ) 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 Paramount Communications ( (PARACABLES) ) 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 Paramount Communications stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Paramount Communications in short term but the sell signal is initial and weak.

Paramount Communications 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. 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 buy signal for Paramount Communications in short term but BUY 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 Paramount Communications is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 93.95 and Paramount Communications (PARACABLES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Paramount Communications (PARACABLES) stock. Volume based technical analysis of Paramount Communications (PARACABLES) stock is negative.

Paramount Communications 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.