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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 2025-01-24 View latest technical analysis

10 day averaged volume of Paramount Communications is 1158633

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Jan 2025	70.40	70.81	72.70	70.00	0.882 times
23 Thu Jan 2025	72.22	72.69	73.69	71.90	0.654 times
22 Wed Jan 2025	72.55	74.55	75.55	71.10	1.024 times
21 Tue Jan 2025	74.50	76.40	77.40	74.07	0.649 times
20 Mon Jan 2025	76.24	76.75	77.01	74.99	0.854 times
17 Fri Jan 2025	76.89	75.70	77.21	75.40	0.566 times
16 Thu Jan 2025	75.79	75.39	77.36	75.20	0.794 times
15 Wed Jan 2025	74.77	75.95	76.46	74.00	0.876 times
14 Tue Jan 2025	75.64	74.63	75.94	73.00	0.924 times
13 Mon Jan 2025	73.27	77.74	78.12	72.48	1.722 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 73.7, but if it comes above 73.7, then a intra day buy could be more profitable.
If you take a sell trade below 73.7, then use 73.7 as stoploss and 68.2 as target. However if you take a buy trade in stock , then use 73.7 as stoploss and 78.35 as target.

Share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Target	64.50
Downside Target	67.01
Downside Target	70.00
Upside Target	72.48
Upside Target	75.89
Upside Target	80.50
Upside Target	85.00
Upside Target	87.30
Upside Target	87.75
Upside Target	90.10
Upside Target	90.15
Upside Target	100.63

Intraday share price targets for Paramount Communications (PARACABLES)

Target Type	Value
Downside Intraday Target	67.8
Downside Intraday Target	65.2
Upside Intraday Target	75.2
Upside Intraday Target	80
Upside Intraday Target	72.6

Weekly technical analysis of Paramount Communications (PARACABLES)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Jan 2025	70.40	76.75	77.40	70.00	0.832 times
17 Fri Jan 2025	76.89	77.74	78.12	72.48	0.5 times
10 Fri Jan 2025	78.45	85.85	86.25	75.90	0.927 times
03 Fri Jan 2025	85.50	81.00	87.30	80.80	1.323 times
27 Fri Dec 2024	80.86	86.41	87.75	80.50	0.369 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 Fri Jan 2025	70.40	82.74	87.30	70.00	0.423 times
31 Tue Dec 2024	82.79	71.01	90.10	67.50	3.484 times
29 Fri Nov 2024	71.84	73.08	75.89	64.50	0.381 times
31 Thu Oct 2024	72.65	85.91	90.15	67.01	0.359 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Paramount Communications stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Paramount Communications Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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

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 74.05 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.