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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 2024-02-14 View latest technical analysis

10 day averaged volume of Paramount Communications is 1423114

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	91.50	84.35	91.70	84.05	0.914 times
13 Tue Feb 2024	87.35	88.00	92.25	87.05	1.245 times
12 Mon Feb 2024	91.60	97.35	98.10	91.60	0.616 times
09 Fri Feb 2024	96.40	101.45	102.10	96.40	0.97 times
08 Thu Feb 2024	101.45	104.95	104.95	98.60	0.763 times
07 Wed Feb 2024	103.45	108.10	108.10	102.50	0.614 times
06 Tue Feb 2024	106.60	110.50	112.10	103.90	0.926 times
05 Mon Feb 2024	109.30	111.40	111.40	108.40	2.08 times
02 Fri Feb 2024	106.10	104.95	107.90	104.00	1.079 times
01 Thu Feb 2024	102.80	106.00	108.10	101.50	0.687 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 96.1, but if it comes above 96.1, then a intra day buy could be more profitable.
If you take a sell trade below 96.1, then use 96.1 as stoploss and 87.6 as target. However if you take a buy trade in stock , then use 96.1 as stoploss and 103.22 as target.

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	84.05
Downside Target	90.00
Upside Target	96.35
Upside Target	101.50
Upside Target	106.35
Upside Target	112.10
Upside Target	115.55
Upside Target	116.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	84.33
Downside Intraday Target	77.17
Upside Intraday Target	98.38
Upside Intraday Target	105.27
Downside Intraday Target	91.22

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Feb 2024	91.50	97.35	98.10	84.05	0.518 times
09 Fri Feb 2024	96.40	111.40	112.10	96.40	0.942 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

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
14 Wed Feb 2024	91.50	106.00	112.10	84.05	0.497 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 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 Paramount Communications (PARACABLES)

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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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 100.51 and Paramount Communications (PARACABLES) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.