PARACABLES technical summary

At ₹61.46, Paramount Communications Ltd is trading 0.5% above its 50-day average of ₹61.17 and 15.9% above its 200-day average of ₹53.02. The 14-day RSI is 51.0, in the neutral range between 30 and 70. MACD is 0.82 against a signal line of 0.11, so the MACD line sits above its signal line. ADX(14) reads 21.4, an emerging trend (20 to 25); ADX measures trend strength, not direction. The 52-week range is ₹28.3 to ₹75.7, with the price 70% of the way up it. Classic daily pivot levels from the 30 Oct 2026 session: pivot ₹64.09, resistance ₹67.83 and ₹69.63, support ₹62.29 and ₹58.55.