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

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

Showing technical analysis as on 2023-05-31 View latest technical analysis

10 day averaged volume of Paras Petro is 39341

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed May 2023	0.85	0.86	0.87	0.85	2.028 times
30 Tue May 2023	0.86	0.85	0.89	0.84	0.333 times
29 Mon May 2023	0.85	0.85	0.88	0.84	1.215 times
26 Fri May 2023	0.86	0.87	0.87	0.83	0.491 times
25 Thu May 2023	0.87	0.85	0.88	0.85	0.469 times
24 Wed May 2023	0.86	0.87	0.87	0.84	0.485 times
23 Tue May 2023	0.85	0.88	0.88	0.84	0.93 times
22 Mon May 2023	0.88	0.88	0.88	0.84	0.48 times
19 Fri May 2023	0.88	0.87	0.88	0.85	1.261 times
18 Thu May 2023	0.87	0.85	0.88	0.84	2.623 times

Stock of Paras Petro (ParasPetro) 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 0.9, but if it comes above 0.9, then a intra day buy could be more profitable.
If you take a sell trade below 0.9, then use 0.9 as stoploss and 0.8 as target. However if you take a buy trade in stock , then use 0.9 as stoploss and 0.87 as target.

Share price targets for Paras Petro (ParasPetro)

Target Type	Value
Downside Target	0.81
Upside Target	0.86
Upside Target	0.88
Upside Target	0.89
Upside Target	0.90
Upside Target	0.94
Upside Target	0.95
Upside Target	0.97
Upside Target	1.02
Upside Target	1.28

Intraday share price targets for Paras Petro (ParasPetro)

Target Type	Value
Downside Intraday Target	0.83
Downside Intraday Target	0.81
Upside Intraday Target	0.88
Upside Intraday Target	0.91
Upside Intraday Target	0.86

Weekly technical analysis of Paras Petro (ParasPetro)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed May 2023	0.85	0.85	0.89	0.84	1.253 times
26 Fri May 2023	0.86	0.88	0.88	0.83	0.353 times
19 Fri May 2023	0.88	0.85	0.88	0.83	1.135 times
12 Fri May 2023	0.85	0.90	0.90	0.82	0.656 times
05 Fri May 2023	0.87	0.93	0.94	0.86	1.212 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 Paras Petro (ParasPetro)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed May 2023	0.85	0.93	0.94	0.82	1.129 times
28 Fri Apr 2023	0.90	0.86	0.97	0.83	1.108 times
31 Fri Mar 2023	0.86	0.85	0.95	0.81	0.761 times
28 Tue Feb 2023	0.85	0.99	1.02	0.82	0.259 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 Petro (ParasPetro)

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

Price action analysis of Paras Petro ( (ParasPetro) ) 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 Petro ( (ParasPetro) ) 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 Petro stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Paras Petro Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Paras Petro in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.86 and Paras Petro (ParasPetro) 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 Petro (ParasPetro) stock. Volume based technical analysis of Paras Petro (ParasPetro) stock is negative.

Paras Petro 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.