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(PANAMAPET) Panama Petrochem complete technical analysis [charts+indicators] | Buy/Sell Panama Petrochem | (PANAMAPET) share price targets

Complete technical analysis of Panama Petrochem (PANAMAPET) by charts plus indicators, forecast predictions and share price targets for Panama Petrochem (PANAMAPET)

Panama Petrochem trades in NSE in Oil Marketing & Distribution sector.

Showing technical analysis as on 2025-01-29 View latest technical analysis

10 day averaged volume of Panama Petrochem is 34534

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	347.85	336.80	351.00	335.25	0.48 times
28 Tue Jan 2025	335.10	341.20	341.20	327.05	0.936 times
27 Mon Jan 2025	342.00	353.55	353.55	334.50	1.074 times
24 Fri Jan 2025	355.30	354.15	357.65	350.10	0.645 times
23 Thu Jan 2025	353.65	345.95	358.00	345.00	1.769 times
22 Wed Jan 2025	346.55	356.00	359.80	339.50	2.366 times
21 Tue Jan 2025	359.90	372.50	375.05	357.90	1.01 times
20 Mon Jan 2025	370.60	361.00	372.00	361.00	0.419 times
17 Fri Jan 2025	366.90	366.60	372.90	365.10	0.59 times
16 Thu Jan 2025	368.20	370.50	371.45	366.25	0.261 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 349.9, but if it comes above 349.9, then a intra day buy could be more profitable.
If you take a sell trade below 349.9, then use 349.9 as stoploss and 336.5 as target. However if you take a buy trade in stock , then use 349.9 as stoploss and 361.1 as target.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	306.00
Downside Target	327.05
Downside Target	338.15
Upside Target	353.15
Upside Target	375.05
Upside Target	385.00
Upside Target	399.95
Upside Target	410.00
Upside Target	416.20
Upside Target	424.00

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	332.08
Downside Intraday Target	316.32
Upside Intraday Target	358.58
Upside Intraday Target	369.32
Downside Intraday Target	342.82

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	347.85	353.55	353.55	327.05	0.401 times
24 Fri Jan 2025	355.30	361.00	375.05	339.50	1.05 times
17 Fri Jan 2025	366.90	361.10	399.95	356.45	1.06 times
10 Fri Jan 2025	377.40	377.40	384.95	353.15	1.887 times
03 Fri Jan 2025	375.75	373.85	381.00	360.20	0.777 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 Panama Petrochem (PANAMAPET)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	347.85	367.90	399.95	327.05	0.518 times
31 Tue Dec 2024	366.05	341.65	416.20	338.15	1.067 times
29 Fri Nov 2024	346.25	382.95	385.00	306.00	1.055 times
31 Thu Oct 2024	380.95	389.05	410.00	354.00	0.651 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 Panama Petrochem (PANAMAPET)

Price action analysis of Panama Petrochem ( (PANAMAPET) ) 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 Panama Petrochem ( (PANAMAPET) ) 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 Panama Petrochem ( (PANAMAPET) ) based on a mid to longer 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.

ADX buy sell signal for Panama Petrochem stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Panama Petrochem in short term and the sell signal is strong.

Panama Petrochem 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 Panama Petrochem in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 Panama Petrochem is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 351.2 and Panama Petrochem (PANAMAPET) 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 Panama Petrochem (PANAMAPET) stock. Volume based technical analysis of Panama Petrochem (PANAMAPET) stock is negative.

Panama Petrochem 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.