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(PARASPETRO_BE) Paras Petrofils complete technical analysis [charts+indicators] | Buy/Sell Paras Petrofils | (PARASPETRO_BE) share price targets

Complete technical analysis of Paras Petrofils (PARASPETRO_BE) by charts plus indicators, forecast predictions and share price targets for Paras Petrofils (PARASPETRO_BE)

Showing technical analysis as on 2024-04-03 View latest technical analysis

10 day averaged volume of Paras Petrofils is 58746

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	2.70	2.65	2.70	2.65	3.872 times
02 Tue Apr 2024	2.70	2.75	2.75	2.70	2.06 times
01 Mon Apr 2024	2.75	2.75	2.75	2.75	1.261 times
28 Thu Mar 2024	2.80	2.80	2.80	2.80	0.816 times
27 Wed Mar 2024	2.85	2.85	2.85	2.85	0.536 times
26 Tue Mar 2024	2.90	2.90	2.90	2.90	1.53 times
22 Fri Mar 2024	2.95	2.95	2.95	2.95	1.572 times
21 Thu Mar 2024	3.00	3.00	3.00	3.00	0.758 times
20 Wed Mar 2024	3.05	3.05	3.05	3.05	0.383 times
19 Tue Mar 2024	3.10	3.10	3.10	3.10	0.522 times

Stock of Paras Petrofils (PARASPETRO_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.8, but if it comes above 2.8, then a intra day buy could be more profitable.
If you take a sell trade below 2.8, then use 2.8 as stoploss and 2.5 as target. However if you take a buy trade in stock , then use 2.8 as stoploss and 3.13 as target.

Share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Target	2.15
Downside Target	2.20
Downside Target	2.45
Downside Target	2.50
Downside Target	2.65
Upside Target	2.75
Upside Target	2.90
Upside Target	3.15
Upside Target	3.20
Upside Target	3.40
Upside Target	3.45
Upside Target	3.60

Intraday share price targets for Paras Petrofils (PARASPETRO_BE)

Target Type	Value
Downside Intraday Target	2.65
Downside Intraday Target	2.6
Upside Intraday Target	2.75
Upside Intraday Target	2.8
Upside Intraday Target	2.7

Weekly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	2.70	2.75	2.75	2.65	2.495 times
28 Thu Mar 2024	2.80	2.90	2.90	2.80	0.759 times
22 Fri Mar 2024	2.95	3.15	3.15	2.95	0.563 times
15 Fri Mar 2024	3.20	3.40	3.40	3.20	0.343 times
07 Thu Mar 2024	3.45	3.60	3.60	3.45	0.678 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Paras Petrofils (PARASPETRO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	2.70	2.75	2.75	2.65	0.196 times
28 Thu Mar 2024	2.80	3.30	3.60	2.80	0.515 times
29 Thu Feb 2024	3.15	2.90	3.15	2.45	0.941 times
31 Wed Jan 2024	2.85	2.15	2.95	2.15	0.986 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 Paras Petrofils (PARASPETRO_BE)

Price action analysis of Paras Petrofils ( (PARASPETRO_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Paras Petrofils ( (PARASPETRO_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Paras Petrofils ( (PARASPETRO_BE) ) based on a mid to longer 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.

ADX buy sell signal for Paras Petrofils stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Paras Petrofils in short term and the sell signal is strong.

Paras Petrofils Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Paras Petrofils in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Paras Petrofils is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.81 and Paras Petrofils (PARASPETRO_BE) 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 Paras Petrofils (PARASPETRO_BE) stock. Volume based technical analysis of Paras Petrofils (PARASPETRO_BE) stock is negative.

Paras Petrofils 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.