Paramount 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
*for educational purpose only. For long term level mentioned on chart.
#paracables forming a good structure. Todays momentum breaks need to sustain and break the upper trendline.
The 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...
*For educational purpose only. High momentum stock. Levels mentioned on chart. Keep your SL 60. Thanks me later.
Reason for long a) Reduced debt organization b) fundamental target of 120 as pre-election rally, if picks c) Promoter and FII stake increased in recent times d) Any pull back is long e) SL compulsory This is for one year duration
Looking Good On 3 Month TimeFrame Entry @ 51.50 No Stoploss
Paracables 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.
**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...
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
buying idea on paramount communication for holding purpose taking support over 200 days moving average good name in optical fiber fundamentally still a good company good to have in portfolio for future prospect
PARACABLES,,W & M chart are in formation of cup & HANDLE Pattern. Daily cart forming inverted Head & Shoulder pattern. Above all the moving averages too. This could be a multi bagger stock. All levels are marked on chart itself. All analysis are for educational purpose only.
Range Breakout Buy Paracables Closing Price - 18.1 Add More If Price Drops To 15.5-16 SL - 12 (WCB) Target - 35+++
In recent months volumes have been very supportive for Paracables... Long@20 Target 45 SL 8
This my second idea on this stock, my first idea was published on 24th of May. So, this stock gives a breakout with good volume & it looks very well on monthly and weekly time frame, buy with stoploss of (SL : - 17 or 16) for targets (T1: - 33.85) and (T2: - 38.45). Also analyze on your own. Happy Trading...
TARGET MARKED!!! Forming H&S pattern. Breakout done!! Keep an eye. Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.