PARACABLES technical summary

At ₹61.77, Paramount Communications Limited is trading 1.1% above its 50-day average of ₹61.13 and 15.8% above its 200-day average of ₹53.32. The 14-day RSI is 51.6, in the neutral range between 30 and 70. MACD is 0.64 against a signal line of 0.31, so the MACD line sits above its signal line. ADX(14) reads 19.9, a weak trend reading (below 20); ADX measures trend strength, not direction. The 52-week range is ₹28.3 to ₹75.7, with the price 71% of the way up it. Classic daily pivot levels from the 3 Nov 2026 session: pivot ₹61.73, resistance ₹62.55 and ₹64.41, support ₹59.87 and ₹59.05.