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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 2024-08-09 View latest technical analysis

10 day averaged volume of Paramount Communications is 2907065

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	80.42	85.00	86.39	79.20	1.864 times
08 Thu Aug 2024	83.68	82.98	87.60	81.25	2.121 times
07 Wed Aug 2024	81.61	77.00	83.45	74.80	1.763 times
06 Tue Aug 2024	72.85	75.00	76.94	72.31	0.38 times
05 Mon Aug 2024	74.83	76.00	76.70	74.83	0.475 times
02 Fri Aug 2024	78.77	77.75	81.00	76.75	0.516 times
01 Thu Aug 2024	78.92	82.00	82.60	77.53	0.575 times
31 Wed Jul 2024	81.62	80.95	82.57	80.10	0.883 times
30 Tue Jul 2024	79.51	78.00	81.93	76.52	1.532 times
29 Mon Jul 2024	78.03	76.60	78.91	75.50	1.089 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 80.4, but if it comes below 80.4, then a intra day sell could be more profitable.
If you take a sell trade below 80.4, then use 80.4 as stoploss and 76.61 as target. However if you take a buy trade in stock , then use 80.4 as stoploss and 85 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	62.75
Downside Target	68.15
Downside Target	71.50
Downside Target	75.50
Upside Target	82.40
Upside Target	82.60
Upside Target	83.95
Upside Target	87.55
Upside Target	87.60
Upside Target	95.95
Upside Target	112.10

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	72.62
Downside Intraday Target	64.82
Upside Intraday Target	87.91
Upside Intraday Target	95.4
Downside Intraday Target	80.11

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	80.42	76.00	87.60	72.31	1.437 times
02 Fri Aug 2024	78.77	76.60	82.60	75.50	2.909 times
26 Fri Jul 2024	75.16	73.11	76.83	69.20	1.384 times
19 Fri Jul 2024	72.82	82.40	82.40	71.50	1.015 times
19 Fri Apr 2024	78.75	80.00	83.95	77.45	0.459 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
09 Fri Aug 2024	80.42	82.00	87.60	72.31	1.288 times
31 Wed Jul 2024	81.62	74.78	82.57	69.20	0.769 times
22 Mon Apr 2024	80.05	69.60	95.95	68.15	0.916 times
28 Thu Mar 2024	67.05	85.75	87.55	62.75	1.017 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Paramount Communications stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Paramount Communications 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.

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 coming down

CCI has generated a SELL signal for Paramount Communications 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 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 80.32 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.