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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 2024-08-21 View latest technical analysis

10 day averaged volume of Paramount Communications is 2892570

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	79.59	80.40	80.61	77.69	0.547 times
20 Tue Aug 2024	80.01	82.05	82.67	79.60	0.269 times
19 Mon Aug 2024	80.83	80.50	83.10	80.30	0.455 times
16 Fri Aug 2024	79.60	80.15	81.41	78.32	0.406 times
14 Wed Aug 2024	78.54	80.99	81.69	78.30	0.407 times
13 Tue Aug 2024	80.54	83.88	86.20	78.60	0.96 times
12 Mon Aug 2024	83.24	81.25	86.73	80.36	1.343 times
09 Fri Aug 2024	80.42	85.00	86.39	79.20	1.874 times
08 Thu Aug 2024	83.68	82.98	87.60	81.25	2.132 times
07 Wed Aug 2024	81.61	77.00	83.45	74.80	1.772 times

My analysis of stock is bullish for shortterm, and stock might move up till 81.9 or till 85.9. Use a stoploss of 78.65 and if this stock hits its stoploss, then it can fall down till 75.37

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	62.75
Downside Target	68.15
Downside Target	72.31
Downside Target	75.50
Upside Target	82.40
Upside Target	83.10
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	77.15
Downside Intraday Target	74.72
Upside Intraday Target	82.56
Upside Intraday Target	85.54
Upside Intraday Target	80.13

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	79.59	80.50	83.10	77.69	0.408 times
16 Fri Aug 2024	79.60	81.25	86.73	78.30	0.469 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

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
21 Wed Aug 2024	79.59	82.00	87.60	72.31	2.019 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 neutral. A longer time frame might give a better analysis.

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 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. Bears are getting stronger in this stock.

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