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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 2024-08-12 View latest technical analysis

10 day averaged volume of Paramount Communications is 3255694

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	83.24	81.25	86.73	80.36	1.193 times
09 Fri Aug 2024	80.42	85.00	86.39	79.20	1.665 times
08 Thu Aug 2024	83.68	82.98	87.60	81.25	1.894 times
07 Wed Aug 2024	81.61	77.00	83.45	74.80	1.574 times
06 Tue Aug 2024	72.85	75.00	76.94	72.31	0.339 times
05 Mon Aug 2024	74.83	76.00	76.70	74.83	0.424 times
02 Fri Aug 2024	78.77	77.75	81.00	76.75	0.46 times
01 Thu Aug 2024	78.92	82.00	82.60	77.53	0.513 times
31 Wed Jul 2024	81.62	80.95	82.57	80.10	0.789 times
30 Tue Jul 2024	79.51	78.00	81.93	76.52	1.368 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 80.9, but if it comes below 80.9, then a intra day sell could be more profitable.
If you take a sell trade below 80.9, then use 80.9 as stoploss and 76.83 as target. However if you take a buy trade in stock , then use 80.9 as stoploss and 85.7 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
Downside Target	80.36
Downside Target	82.40
Downside Target	82.60
Upside Target	86.73
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	80.16
Downside Intraday Target	77.07
Upside Intraday Target	86.53
Upside Intraday Target	89.81
Upside Intraday Target	83.44

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	83.24	81.25	86.73	80.36	0.202 times
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

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
12 Mon Aug 2024	83.24	82.00	87.60	72.31	1.512 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 up this month, and volume has increased substantially. This means that the move can 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 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 Weak and stock is gaining 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 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 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 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 80.87 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.