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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 2024-03-06 View latest technical analysis

10 day averaged volume of Panacea Biotec is 114476

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	143.75	148.25	149.15	141.05	1.351 times
05 Tue Mar 2024	148.25	151.45	152.30	147.85	0.948 times
04 Mon Mar 2024	151.45	155.35	156.35	150.90	0.651 times
02 Sat Mar 2024	155.35	152.95	156.95	151.55	0.113 times
01 Fri Mar 2024	153.60	152.75	154.95	152.05	0.54 times
29 Thu Feb 2024	152.60	152.40	153.65	149.60	0.809 times
28 Wed Feb 2024	151.90	159.40	160.80	151.10	1.625 times
27 Tue Feb 2024	159.05	164.05	166.70	158.10	1.518 times
26 Mon Feb 2024	163.70	162.80	165.75	161.15	1.261 times
23 Fri Feb 2024	162.45	160.20	165.60	159.55	1.788 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 142.7, for a target of 149.3 or 154.81

Share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Target	141.05
Upside Target	145.20
Upside Target	148.35
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	137.75
Downside Intraday Target	131.75
Upside Intraday Target	153.05
Upside Intraday Target	162.35
Upside Intraday Target	147.05

Weekly technical analysis of Panacea Biotec (PANACEABIO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	143.75	155.35	156.35	141.05	0.503 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
06 Wed Mar 2024	143.75	152.75	156.95	141.05	0.09 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 Strong 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Panacea Biotec is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 154.89 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.