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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 2024-03-05 View latest technical analysis

10 day averaged volume of Panacea Biotec is 118516

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	148.25	151.45	152.30	147.85	0.916 times
04 Mon Mar 2024	151.45	155.35	156.35	150.90	0.629 times
02 Sat Mar 2024	155.35	152.95	156.95	151.55	0.109 times
01 Fri Mar 2024	153.60	152.75	154.95	152.05	0.522 times
29 Thu Feb 2024	152.60	152.40	153.65	149.60	0.782 times
28 Wed Feb 2024	151.90	159.40	160.80	151.10	1.57 times
27 Tue Feb 2024	159.05	164.05	166.70	158.10	1.466 times
26 Mon Feb 2024	163.70	162.80	165.75	161.15	1.218 times
23 Fri Feb 2024	162.45	160.20	165.60	159.55	1.727 times
22 Thu Feb 2024	160.55	159.00	162.20	156.40	0.719 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 150.6, but if it comes above 150.6, then a intra day buy could be more profitable.
If you take a sell trade below 150.6, then use 150.6 as stoploss and 144.6 as target. However if you take a buy trade in stock , then use 150.6 as stoploss and 155.63 as target.

Share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Target	145.20
Upside Target	159.55
Upside Target	164.40
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	145.28
Downside Intraday Target	142.32
Upside Intraday Target	153.78
Upside Intraday Target	159.32
Upside Intraday Target	150.82

Weekly technical analysis of Panacea Biotec (PANACEABIO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	148.25	155.35	156.35	147.85	0.273 times
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

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
05 Tue Mar 2024	148.25	152.75	156.95	147.85	0.056 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 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 Panacea Biotec (PANACEABIO)

Price action analysis of Panacea Biotec ( (PANACEABIO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 gaining momentum.

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

Panacea Biotec Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Panacea Biotec 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 156.82 and Panacea Biotec (PANACEABIO) 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 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.