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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 2024-04-03 View latest technical analysis

10 day averaged volume of Paramount Communications is 1169984

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	77.55	76.70	77.55	75.00	0.834 times
02 Tue Apr 2024	73.90	73.90	73.90	71.35	0.441 times
01 Mon Apr 2024	70.40	69.60	70.40	68.15	0.285 times
28 Thu Mar 2024	67.05	69.70	71.55	66.75	1.097 times
27 Wed Mar 2024	69.55	74.80	76.45	69.35	1.874 times
26 Tue Mar 2024	73.00	71.70	73.00	71.00	1.684 times
22 Fri Mar 2024	69.55	67.60	69.55	66.50	0.631 times
21 Thu Mar 2024	66.25	64.65	66.25	63.70	0.38 times
20 Wed Mar 2024	63.10	66.10	67.70	62.75	0.927 times
19 Tue Mar 2024	66.05	64.05	67.80	64.05	1.024 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 77.5, but if it comes below 77.5, then a intra day sell could be more profitable.
If you take a sell trade below 77.5, then use 77.5 as stoploss and 71.8 as target. However if you take a buy trade in stock , then use 77.5 as stoploss and 84.3 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	61.75
Downside Target	64.45
Downside Target	66.75
Downside Target	68.15
Downside Target	69.55
Downside Target	75.70
Upside Target	82.30
Upside Target	82.85
Upside Target	84.10
Upside Target	87.55
Upside Target	96.35
Upside Target	112.10
Upside Target	116.85

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	71.28
Downside Intraday Target	65.02
Upside Intraday Target	80.68
Upside Intraday Target	83.82
Downside Intraday Target	74.42

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	77.55	69.60	77.55	68.15	0.335 times
28 Thu Mar 2024	67.05	71.70	76.45	66.75	1.008 times
22 Fri Mar 2024	69.55	63.20	69.55	62.75	0.728 times
15 Fri Mar 2024	64.45	79.60	82.30	64.45	1.56 times
07 Thu Mar 2024	82.85	79.90	82.85	75.70	1.095 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
03 Wed Apr 2024	77.55	69.60	77.55	68.15	0.074 times
28 Thu Mar 2024	67.05	85.75	87.55	62.75	1.017 times
29 Thu Feb 2024	84.70	106.00	112.10	82.40	0.856 times
31 Wed Jan 2024	105.55	88.70	116.85	84.10	0.84 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 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 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 Paramount Communications ( (PARACABLES) ) 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 Paramount Communications stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Paramount Communications 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.

Paramount Communications Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 Paramount Communications 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 Paramount Communications is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 69.67 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 negative.

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