Para Cables reversing from support levelsReversing from support levels
Support zone 65-68
can start accumulating now
Breakout from triangle is still pending
Potential Targets could be
Target 1- 96
Target 2- 106
Target 3- 125
PARACABLES trade ideas
PARACABLES | Buy @ current Price with strict SL Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
Viewpoint on wires and cables stock #PARACABLESHere's a concise description you could use on TradingView for the Indian stock "PARACABLES":
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PARACABLES
Paracables (PARACABLES) is a prominent player in India's electrical and telecommunication cables industry. Known for its strong presence across power, telecom, and industrial sectors, Paracables manufactures and distributes a wide range of high-quality cables, including fiber optic, power, and control cables. The company has a reputation for reliable products and innovation in cable technology, catering to infrastructure projects, commercial applications, and various industries. Paracables is committed to sustainable growth and technological advancements, making it a noteworthy stock for investors interested in India's expanding infrastructure and energy markets.
Chart view on proper support and resistance and how the price action may act in coming sessions for the stock.
Cheers NSE:PARACABLES
PARA CABLE FOR 1 MONTH HOLDINGPatience is the key to trading success. Without it, you will quickly find yourself trading subpar setups and losing money left and right.
PARACABLES NSE RC&H BO PROABLE DTF/WTF SWING/POSITIONAL PARACABLES STOCK Analysis
TRADE PLAN (DTF Close Price for SWING /POSITIONAL)
ENTRY - 78 25 % Qty, Add 50% qty at 87 and progressively DTF/WTF Close
SL - 65
TARGET -SWING -95 TGT01-- 117
Hold For a 1-2 Year or TGT
Chart Pattern :
STOCK touched a RBC of 5M touching the previous High, Price got rejected and now on a correction forming a Handle to the Cup, Wait for Channel BO to enter.
INDICATORS EMA :
The Price is Currently Trading below 200EMA, DTF and 20EMA is below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of Ascending alignment, indicating early start of a bullish reversal Trend on DTF.
FIBO/E :
Volumes: The VOLUME RISING then Decreasing with Price correction and Now Low
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses in the direction of your POV...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Paramount Communications LimitedParamount Communications announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2024.
Long on Paramount Communication - Paracables. #BreakoutstocksParamount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables.
Breakout done at 80, after long consolidation. I feel that for my analysis, I will keep a target of 127 for this. That is over 30% return target. Let's see where it goes.
PARACABLESThis is my set up for paracables this is looking good making higher lows and breakout in last trading session can be positional after 96 for the target of 105 and 111 respectively
Disclaimer: since i am not a SEBI register this is for only educational purpose do your research and analysis before taking any trade
PARACABLES This is my set up for paracables this is looking good making higher lows and breakout in last trading session can be positional after 96 for the target of 105 and 111 respectively
Disclaimer: since i am not a SEBI register this is for only educational purpose do your research and analysis before taking any trade
paramount cableProducts range of the company includes:
Power Cables-
HT Power Cables
LT Power Cables
Aerial Bunch Cables
Control Cables
Instrumentation Cables
Thermocouple Cables
Railway Cables
Paramount Cables is among the few Cable companies who manufacture the following types of cables for Indian Railway .
Underground Railway Signaling Cables
Underground Railway Quad Axle Counter Cables
Optical Fiber Cables
Power Cables
Specialized Instrumentation cables for underground and elevated Metro Projects
Telecom Cables
Optical Fiber Cables
Jelly Filled Cables
Aerial Telecom Cables
Buried Service Wire
Installation Cables
The clients of the company includes, Power Grid Corporation of India Ltd (PGCIL), National Thermal Power Corporation (NTPC), Bharat Heavy Electricals Ltd (BHEL), Department of Atomic Energy, Govt. of India, Indian Oil Corporation Limited (IOCL) and many more.
Paramount looks good for 100++Technically on a ascending pattern
3 times bounced from lows
can go 100++
stop 85
risk reward 1:1
Paramount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables.
only for educational purpose
not a buy or sell reco
Triangle Breakout in PARACABLESCables and wire stocks are moving from the last one week and para cables have given a Triangle Breakout with volume. you could consider this for a swing trade and my target would be 120 in 6-8 weeks.
PARAMOUNT COMMUNICATIONSParamount Communications Ltd is engaged in manufacturing of Wires and Cables comprising of power cables, telecom cables, railway cables and specialised cables.
Product Segments
Power: LT & HT Power Cables, LT & HT Aerial Bunch Cables, Control Cables, Instrumentation Cables.
Telecom: Optical Fiber Cable (OFC) & FTTH
Technically a good base has been formed with a triangle pattern. There was a not so strong breakout with volume but seems the accumulation wasn't over then.
Once 84 is breached the trend changes for good.
ParacableSeems attractive to me, please see below key point on my view
1. This stock respective support line, not breakout for long time
2. Formed strong bullish candle
3. Revenue is turning positive
4. Reduced Debt
5. PE seems attractive compared to Peers
6. FII increased holdings
so it believe for short term, 15% to 20% might be expected, Long term it is different.
Do analysis and take your own risk
Paramount cablesStock/company and came out to Good and stock Price is still looking undervalued according to the companies growth and results. New entries can be Taken
PARAMOUNT COMMUNICATIONS - FII'S HOLDINGS INCREASEDCan enter at CMP 110 or Enter at 98 level
if again falls then you need to average at 76 level
Targets - 135, 157+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
Paramount Communications Ltd (PARACABLES) Weekly Chart AnalysisPARACABLES has given a breakout on weekly chart with huge volume spike we can consider this stock at current market price 111 for long term positional basis trade.
Delivery Buy Paracables cmp 62.20 - 43% Upside PotentialShort Term Delivery Buy
PARACABLES cmp 62.20
Target 72,78,89
43% Upside Potential
trading on the support and can break the monthly resistance to make a new high
PARACABLES - Paramount Communications - Buy OpportunityAs per previouse chart history and trend analysis alongwith technical analysis, I suggest to plan to buy this stock Paracables - Paramount Communications at the points give below and also mentioned on the chart itlse.
Safe Buy Above 98.70
RED Zone is No Trading Zone
Buy At 84.15
Buy Again at 79.75
Make Average at 75.35
Buy Maximum above 69.50 or wait for reversal above the ZONE 60.50-69.50
I am not suggesting anyone to buy this stock, this is my personal opinion.
Do your own research before entering into stock buying/selling. I am not SEBI registered person and this is my own personal opinion about the stock.
Thanks for supporting as always
