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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 2024-05-08 View latest technical analysis

10 day averaged volume of Panacea Biotec is 105941

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	137.05	138.00	140.35	136.00	0.618 times
07 Tue May 2024	138.05	138.70	141.00	137.10	0.429 times
06 Mon May 2024	138.55	140.20	140.80	138.10	0.287 times
03 Fri May 2024	140.15	141.00	142.50	139.05	0.493 times
02 Thu May 2024	140.65	142.70	143.30	139.80	0.616 times
30 Tue Apr 2024	141.40	143.00	144.80	141.00	0.739 times
29 Mon Apr 2024	142.70	144.10	146.45	142.00	0.74 times
26 Fri Apr 2024	143.65	147.15	148.50	143.00	0.829 times
25 Thu Apr 2024	146.50	142.00	149.90	140.70	3.947 times
24 Wed Apr 2024	141.95	139.00	146.50	138.10	1.291 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 137.6, but if it comes above 137.6, then a intra day buy could be more profitable.
If you take a sell trade below 137.6, then use 137.6 as stoploss and 133.9 as target. However if you take a buy trade in stock , then use 137.6 as stoploss and 140.73 as target.

Share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Target	120.30
Downside Target	134.70
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	135.03
Downside Intraday Target	133.02
Upside Intraday Target	140.03
Upside Intraday Target	143.02
Upside Intraday Target	138.02

Weekly technical analysis of Panacea Biotec (PANACEABIO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	137.05	140.20	141.00	136.00	0.516 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
19 Fri Apr 2024	136.40	143.00	143.00	134.70	0.314 times
12 Fri Apr 2024	144.20	146.00	161.25	142.30	1.241 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
08 Wed May 2024	137.05	142.70	143.30	136.00	0.08 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 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 BUY. Signal strength is Weak and stock is losing 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 green color and prices are in or below the green 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

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 143.17 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.