PARACABLES trade ideas
PARACABLES! The Cable Company with Big Clients.- Good P/E (28.0), & Good ROE (19.4%)
- Quarterly results are ok. (Net Profit: 22 --> 29 --> 25)
- Very Good YoY Growth. (Net Profit: 8 --> 48 --> 86)
- VCP Pattern. Needs a push.
- Levels are marked in the chart.
- Big Clients (Both Government and Private) like Indian Railways, BSNL, RailTel, Tata Projects Limited, Adani Renewables, Adani Power, L&T, Siemens and others.
- Total order book of Rs. 361 Cr as of H1FY24.
Do support my idea if it is useful.
For educational purposes only. Not a buy/sell recommendation.
PARACABLESPARACABLES showing good strength on weekly charts. In recent time market participation also increased
Paramount Communications....On the verge to 91 /92...JustmyviewsFormation of Bullish WW pattern and showing signs of bullishness...lets see how it takes the shape
Just my Views/Thoughts...Trade as per your convenience
a good swing opportunity Past two weeks good surge in volumes
crucial range 86.5-88.6 ( decision range )
If the stock closes strongly above 88.6, it may signal an opportunity for a potential entry.
Target price - 106.3
Risk-Reward Ratio - 1:3.9
this analysis is for reference purpose do your own due-diligence before taking positions.
PARACABLES:Likely Triple Bottom Neckline BreakoutPARA CABLES: Has formed a nice triple bottom neckline formation.Morever in dailcy chart we can see 20DEMA Golder cross over against 50/100/200 -Suggests a break out towards on holding above its neckline resistance at 85,as per the pattern the target is likely to be around 95-100(For educational purpose only)
PARACABLES Trendline breakoutPARACABLES (CMP 85) is breaking out of trendline on weekly chart,
Pretty decent volume in last couple of weeks..
RSI moved above 55, DMI are expanding on weekly chart with PDMI moving above 25.
If it is closes above 87 by weekly closing tomorrow then looking good to go long with support below 69 DCB...
P.S. I am not SEBI registered analyst, This post is for educational purpose only..
DYOR or consult your financial advisor before taking any action on this post...
Breakout soon in PARACABLESSymmetrical Triangle Breakout Setup
RSI near 65 and rising
Trading above EMA50
Volume increasing
Disc: For study, not a recommendation
Pracables - Best buy above - 83. SL-71Paracables - Buy above 83 with strict. Buy more if it falls up to75, stop loss of 71.
Disclaimer : Educational content.
Retesting multi-year support *for educational purpose only.
Stock already gave breakout. Now retesting the it's multi year support.
May shoot up from here to showed levels on charts.
For long term players.
RSI is 60 support.
PARACABLES: Triangle BO neededPARACABLES is hovering at the support and it can consolidate for a few days and it can jump from the support. Targets are marked on the trendlines. If someone requires a SL in Cash stocks then you may follow DCB (daily closing basis) below the triangle.
NOTE: I'm not a SEBI REG. Study before investing.
Buy paracables for a target of 95/110Buy paracables for a target of 95 in 5-10 days and 110 in 1-2 months
Paramount cablesMultiyear Breakout
Already gave the Target 1
Expecting it to move again to give a returns of 100%+
Paramount communication 📈 ( 110 on 30th September 2024 ) could be a possible breakout for a upside momentum to ( 493 --- 8th dec 2025 ) marked on the chart
110 --- 30th September 2024 ( breakout )
493 --- 8th Dec 2025 ( target )
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Add to your Buying ListParamount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables.
Power Cables
Railway Cables
Telecom Cables
Domestic Wires
Exports
EPC Projects
Pipe & Others
Order book - Rs 443.5 cr
#PARACABLES 5% Up in Upper circuits Today#paracables forming a good structure. Todays momentum breaks need to sustain and break the upper trendline.
Multi year Breakout after 15 yearsThe stock recently experienced a multi-year breakout, marking a significant event after a 15-year period. Additionally, there was a rounding bottom pattern breakout, supported by good volumes. After breaking out, the stock retraced to retest the breakout levels and exhibited a strong bounce with a bullish candle. Furthermore, there was a short-term trendline breakout on the daily chart, signaling a potential shift in the stock's short-term trajectory.
The combination of a multi-year breakout, rounding bottom pattern breakout with good volumes, successful retest, and short-term trendline breakout paints a comprehensive bullish picture. Traders and investors may find these technical signals compelling, indicating the potential for sustained upward momentum in the stock.
Following a strict SL is important.
Buy Paracables 🚀*For educational purpose only.
High momentum stock.
Levels mentioned on chart.
Keep your SL 60.
Thanks me later.
PARACABLES - Going UpParacables broke out of a falling trendline with improving volume.
Entry - CMP (look for dip if possible) highly doubtful as it hits UC
Target - 44
SL - Below recent swing low
Study the chart and trade responsibly.
triangular pattern breakout **Trade update
**After a long time period (almost one year) gave breakout.
** Triangular pattern with 4 touches on lower side( support zone) and 6 touches on counter trendline ( more the touches, breakout will sustain)
**This is a circuit script so the big targets can be possible in least time.
**Target 1st & 2nd all done .
** Do more practise and backtest the patterns as much as possible
** Happy Trading
peramount communic ....PARAMOUNT COMMUNIC ....
1 - double pattern
2 - inverted h&s and cup and handle
3 - multi year BO (14 years )
4 - good volume
5 - monthly rsi 69 bullish momentum
6 - price trading above 100 ma
7 - forming higher low
buy above day high
