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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 2024-05-28 View latest technical analysis

10 day averaged volume of Panacea Biotec is 99479

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	135.40	135.80	137.25	135.00	0.536 times
27 Mon May 2024	135.80	137.00	137.45	135.00	0.364 times
24 Fri May 2024	136.80	136.20	139.95	135.90	0.841 times
23 Thu May 2024	136.35	138.75	138.75	136.00	0.6 times
22 Wed May 2024	138.00	134.60	144.40	132.80	2.036 times
21 Tue May 2024	132.60	138.60	138.60	128.15	2.518 times
18 Sat May 2024	137.85	138.00	139.80	136.00	0.319 times
17 Fri May 2024	136.95	136.20	138.05	135.20	0.48 times
16 Thu May 2024	136.20	137.05	138.80	134.35	0.677 times
15 Wed May 2024	136.85	134.25	141.35	134.25	1.336 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 134.3 as stoploss in an intra day buy trade for a target of 136.72. However, stock will show a bearish move below 134.3.

Share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Target	120.30
Downside Target	128.15
Downside Target	135.00
Upside Target	144.40
Upside Target	145.20
Upside Target	146.45
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	134.45
Downside Intraday Target	133.5
Upside Intraday Target	136.9
Upside Intraday Target	138.4
Upside Intraday Target	135.95

Weekly technical analysis of Panacea Biotec (PANACEABIO)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	135.40	137.00	137.45	135.00	0.15 times
24 Fri May 2024	136.80	138.60	144.40	128.15	1.391 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

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
28 Tue May 2024	135.40	142.70	144.40	128.15	0.476 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Panacea Biotec ( (PANACEABIO) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 135.83 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 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.