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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 2024-02-05 View latest technical analysis

10 day averaged volume of Paramount Communications is 1416380

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	109.30	111.40	111.40	108.40	2.09 times
02 Fri Feb 2024	106.10	104.95	107.90	104.00	1.085 times
01 Thu Feb 2024	102.80	106.00	108.10	101.50	0.69 times
31 Wed Jan 2024	105.55	110.90	110.90	105.50	1.024 times
30 Tue Jan 2024	111.05	115.30	115.30	108.80	1.027 times
29 Mon Jan 2024	114.50	115.50	115.55	112.00	1.887 times
25 Thu Jan 2024	110.05	106.00	110.05	106.00	0.42 times
24 Wed Jan 2024	104.85	106.90	109.80	102.50	0.729 times
23 Tue Jan 2024	106.10	116.85	116.85	106.10	1.563 times
22 Mon Jan 2024	111.65	106.45	111.65	106.35	1.392 times

Stock of Paramount Communications (PARACABLES) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 109.4 as stoploss in an intra day sell trade for a target of 101.67. However, stock will show a bullish move above 109.4.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	40.25
Downside Target	57.75
Downside Target	61.75
Downside Target	68.00
Downside Target	84.10
Downside Target	89.85
Downside Target	96.35
Downside Target	98.40
Downside Target	101.50
Downside Target	106.35
Upside Target	111.40
Upside Target	115.55
Upside Target	116.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	108
Downside Intraday Target	106.7
Upside Intraday Target	111
Upside Intraday Target	112.7
Upside Intraday Target	109.7

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	109.30	111.40	111.40	108.40	0.366 times
02 Fri Feb 2024	106.10	115.50	115.55	101.50	1.392 times
25 Thu Jan 2024	110.05	106.45	116.85	102.50	0.983 times
19 Fri Jan 2024	106.35	91.00	106.35	90.00	1.279 times
12 Fri Jan 2024	92.00	97.25	98.40	89.85	0.724 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 Paramount Communications (PARACABLES)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	109.30	106.00	111.40	101.50	0.193 times
31 Wed Jan 2024	105.55	88.70	116.85	84.10	0.84 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

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

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 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 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Paramount Communications in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 108.89 and Paramount Communications (PARACABLES) 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 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.