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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 2024-08-14 View latest technical analysis

10 day averaged volume of Paramount Communications is 3159867

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	78.54	80.99	81.69	78.30	0.372 times
13 Tue Aug 2024	80.54	83.88	86.20	78.60	0.879 times
12 Mon Aug 2024	83.24	81.25	86.73	80.36	1.23 times
09 Fri Aug 2024	80.42	85.00	86.39	79.20	1.715 times
08 Thu Aug 2024	83.68	82.98	87.60	81.25	1.952 times
07 Wed Aug 2024	81.61	77.00	83.45	74.80	1.622 times
06 Tue Aug 2024	72.85	75.00	76.94	72.31	0.35 times
05 Mon Aug 2024	74.83	76.00	76.70	74.83	0.437 times
02 Fri Aug 2024	78.77	77.75	81.00	76.75	0.474 times
01 Thu Aug 2024	78.92	82.00	82.60	77.53	0.529 times

My analysis of stock is bullish for shortterm, and stock might move up till 81.1 or till 85.9. Use a stoploss of 77.1 and if this stock hits its stoploss, then it can fall down till 73.08

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	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	75.65
Downside Intraday Target	72.76
Upside Intraday Target	84.08
Upside Intraday Target	89.62
Upside Intraday Target	81.19

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	78.54	81.25	86.73	78.30	0.408 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 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 Aug 2024	78.54	82.00	87.60	72.31	1.74 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, 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 losing momentum.

MACD generated a BUY signal for Paramount Communications in short term and the buy signal is strong.

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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Paramount Communications in short term and SELL 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

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 80.89 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 negative.

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