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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 2024-08-23 View latest technical analysis

10 day averaged volume of Paramount Communications is 2657780

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	81.27	79.26	82.65	79.25	1.159 times
22 Thu Aug 2024	79.69	79.50	81.55	79.29	0.866 times
21 Wed Aug 2024	79.59	80.40	80.61	77.69	0.595 times
20 Tue Aug 2024	80.01	82.05	82.67	79.60	0.293 times
19 Mon Aug 2024	80.83	80.50	83.10	80.30	0.496 times
16 Fri Aug 2024	79.60	80.15	81.41	78.32	0.441 times
14 Wed Aug 2024	78.54	80.99	81.69	78.30	0.443 times
13 Tue Aug 2024	80.54	83.88	86.20	78.60	1.045 times
12 Mon Aug 2024	83.24	81.25	86.73	80.36	1.462 times
09 Fri Aug 2024	80.42	85.00	86.39	79.20	2.039 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 82.1 as stoploss in an intra day sell trade for a target of 79.44. However, stock will show a bullish move above 82.1.

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	78.27
Downside Intraday Target	75.28
Upside Intraday Target	83.68
Upside Intraday Target	86.1
Downside Intraday Target	80.69

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	81.27	80.50	83.10	77.69	1.005 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 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
23 Fri Aug 2024	81.27	82.00	87.60	72.31	2.329 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 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 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 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 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. Bears 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 80.76 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 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 positive

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