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(PANACEABIO) Panacea Biotec complete technical analysis [charts+indicators] | Buy/Sell Panacea Biotec | (PANACEABIO) share price targets

Complete technical analysis of Panacea Biotec (PANACEABIO) by charts plus indicators, forecast predictions and share price targets for Panacea Biotec (PANACEABIO)

Panacea Biotec trades in NSE in Biotechnology sector.

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Panacea Biotec is 149251

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	155.35	152.95	156.95	151.55	0.087 times
01 Fri Mar 2024	153.60	152.75	154.95	152.05	0.415 times
29 Thu Feb 2024	152.60	152.40	153.65	149.60	0.621 times
28 Wed Feb 2024	151.90	159.40	160.80	151.10	1.247 times
27 Tue Feb 2024	159.05	164.05	166.70	158.10	1.164 times
26 Mon Feb 2024	163.70	162.80	165.75	161.15	0.968 times
23 Fri Feb 2024	162.45	160.20	165.60	159.55	1.372 times
22 Thu Feb 2024	160.55	159.00	162.20	156.40	0.571 times
21 Wed Feb 2024	158.75	163.00	164.00	157.75	0.998 times
20 Tue Feb 2024	162.80	158.20	165.00	157.00	1.893 times

My analysis of stock is bearish for shortterm, and stock might move down till 151.9 or till 146.2. Use a stoploss of 156.72 and if the stock hits stoploss, then it can shoot up till 161.51

Share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Target	145.20
Downside Target	148.35
Upside Target	156.40
Upside Target	165.60
Upside Target	166.05
Upside Target	166.70
Upside Target	168.95
Upside Target	169.70
Upside Target	178.40
Upside Target	202.50

Intraday share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Intraday Target	147.73
Downside Intraday Target	140.12
Upside Intraday Target	164.83
Upside Intraday Target	174.32
Upside Intraday Target	157.22

Weekly technical analysis of Panacea Biotec (PANACEABIO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	155.35	162.80	166.70	149.60	0.806 times
23 Fri Feb 2024	162.45	160.70	165.60	156.40	0.572 times
16 Fri Feb 2024	159.85	155.90	164.40	145.20	1.407 times
09 Fri Feb 2024	155.90	165.00	168.95	153.30	0.915 times
02 Fri Feb 2024	164.65	164.65	169.70	161.50	1.096 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 Panacea Biotec (PANACEABIO)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	155.35	152.75	156.95	151.55	0.016 times
29 Thu Feb 2024	152.60	165.95	169.70	145.20	0.388 times
31 Wed Jan 2024	164.50	168.80	202.50	159.55	1.322 times
29 Fri Dec 2023	167.90	156.60	178.40	151.60	3.067 times

Scroll below to view daily charts

Price has moved up 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 Panacea Biotec (PANACEABIO)

Price action analysis of Panacea Biotec ( (PANACEABIO) ) based on a short 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.

Price action analysis of Panacea Biotec ( (PANACEABIO) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Panacea Biotec ( (PANACEABIO) ) 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 Panacea Biotec stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Panacea Biotec in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Panacea Biotec Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Panacea Biotec in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 Panacea Biotec is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 159.19 and Panacea Biotec (PANACEABIO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Panacea Biotec (PANACEABIO) stock. Volume based technical analysis of Panacea Biotec (PANACEABIO) stock is negative.

Panacea Biotec 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.