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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 2024-09-24 View latest technical analysis

10 day averaged volume of Paramount Communications is 8784053

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	90.45	92.88	93.04	90.00	0.265 times
23 Mon Sep 2024	92.52	93.84	95.91	92.10	0.512 times
20 Fri Sep 2024	93.12	92.01	93.90	91.51	0.314 times
19 Thu Sep 2024	91.08	96.88	98.03	90.50	0.615 times
18 Wed Sep 2024	96.01	95.20	98.78	93.67	1.12 times
17 Tue Sep 2024	95.00	95.85	95.94	93.05	0.412 times
16 Mon Sep 2024	94.96	96.00	100.63	94.30	1.348 times
13 Fri Sep 2024	94.79	90.70	98.70	90.01	2.675 times
12 Thu Sep 2024	90.10	89.50	90.85	88.05	0.45 times
11 Wed Sep 2024	88.56	90.72	92.95	88.07	0.939 times

My analysis of stock is bearish for shortterm, and stock might move down till 88.1 or till 84.9. Use a stoploss of 90.76 and if the stock hits stoploss, then it can shoot up till 93.42

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	62.75
Downside Target	68.15
Downside Target	72.31
Downside Target	81.50
Downside Target	86.02
Downside Target	90.00
Upside Target	92.85
Upside Target	95.00
Upside Target	95.91
Upside Target	95.95
Upside Target	98.70
Upside Target	100.63

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	88.33
Downside Intraday Target	86.21
Upside Intraday Target	94.24
Upside Intraday Target	98.03
Upside Intraday Target	92.12

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	90.45	93.84	95.91	90.00	0.204 times
20 Fri Sep 2024	93.12	96.00	100.63	90.50	0.617 times
13 Fri Sep 2024	94.79	90.50	98.70	86.02	1.249 times
06 Fri Sep 2024	89.86	90.50	95.00	87.06	1.023 times
30 Fri Aug 2024	88.79	82.10	92.85	81.50	4.683 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
24 Tue Sep 2024	90.45	90.50	100.63	86.02	1.664 times
30 Fri Aug 2024	88.79	82.00	92.85	72.31	4.773 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

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 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 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 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 Strong and stock is losing momentum.

MACD generated a SELL signal for Paramount Communications in short term but the sell signal is initial and weak.

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 SELL signal in short term and selling is picking up 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 93.47 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 positive

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