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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 2024-05-23 View latest technical analysis

10 day averaged volume of Panacea Biotec is 105217

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	136.35	138.75	138.75	136.00	0.567 times
22 Wed May 2024	138.00	134.60	144.40	132.80	1.925 times
21 Tue May 2024	132.60	138.60	138.60	128.15	2.381 times
18 Sat May 2024	137.85	138.00	139.80	136.00	0.302 times
17 Fri May 2024	136.95	136.20	138.05	135.20	0.454 times
16 Thu May 2024	136.20	137.05	138.80	134.35	0.64 times
15 Wed May 2024	136.85	134.25	141.35	134.25	1.263 times
14 Tue May 2024	133.85	136.15	138.40	132.20	0.783 times
13 Mon May 2024	136.15	132.15	138.90	130.10	0.633 times
10 Fri May 2024	132.70	133.75	135.00	131.75	0.945 times

My analysis of stock is bearish for shortterm, and stock might move down till 134.4 or till 130. Use a stoploss of 137.97 and if the stock hits stoploss, then it can shoot up till 141.58

Share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Target	120.30
Downside Target	128.15
Upside Target	137.00
Upside Target	144.40
Upside Target	145.20
Upside Target	146.45
Upside Target	149.90
Upside Target	156.95
Upside Target	159.55
Upside Target	161.25
Upside Target	169.70
Upside Target	202.50

Intraday share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Intraday Target	128.2
Downside Intraday Target	120.05
Upside Intraday Target	144.45
Upside Intraday Target	152.55
Downside Intraday Target	136.3

Weekly technical analysis of Panacea Biotec (PANACEABIO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	136.35	138.60	144.40	128.15	1.196 times
18 Sat May 2024	137.85	132.15	141.35	130.10	1.375 times
10 Fri May 2024	132.70	140.20	141.00	131.75	1.137 times
03 Fri May 2024	140.15	144.10	146.45	139.05	0.351 times
26 Fri Apr 2024	143.65	137.50	149.90	137.00	2.288 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
23 Thu May 2024	136.35	142.70	144.40	128.15	0.422 times
30 Tue Apr 2024	141.40	121.90	161.25	121.90	0.843 times
28 Thu Mar 2024	121.55	152.75	156.95	120.30	0.843 times
29 Thu Feb 2024	152.60	165.95	169.70	145.20	0.388 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 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 short to mid 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Panacea Biotec in short term but the buy signal is initial and weak.

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

Panacea Biotec Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 135.34 and Panacea Biotec (PANACEABIO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.