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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 2024-06-06 View latest technical analysis

10 day averaged volume of Panacea Biotec is 100881

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	127.75	125.45	129.00	125.05	1.172 times
05 Wed Jun 2024	124.45	122.25	127.00	117.35	0.899 times
04 Tue Jun 2024	119.05	129.70	130.80	112.35	2.458 times
03 Mon Jun 2024	129.65	133.50	134.20	129.00	1.028 times
31 Fri May 2024	131.00	133.00	133.90	130.15	0.738 times
30 Thu May 2024	132.65	134.50	140.50	131.80	2.259 times
29 Wed May 2024	134.65	135.30	136.50	134.05	0.309 times
28 Tue May 2024	135.40	135.80	137.25	135.00	0.529 times
27 Mon May 2024	135.80	137.00	137.45	135.00	0.359 times
24 Fri May 2024	136.80	136.20	139.95	135.90	0.83 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 128.5, but if it comes above 128.5, then a intra day buy could be more profitable.
If you take a sell trade below 128.5, then use 128.5 as stoploss and 122.8 as target. However if you take a buy trade in stock , then use 128.5 as stoploss and 133.24 as target.

Share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Target	112.35
Downside Target	120.30
Upside Target	128.15
Upside Target	140.50
Upside Target	141.00
Upside Target	141.35
Upside Target	144.40
Upside Target	145.20
Upside Target	156.95
Upside Target	161.25
Upside Target	169.70

Intraday share price targets for Panacea Biotec (PANACEABIO)

Target Type	Value
Downside Intraday Target	115.33
Downside Intraday Target	102.92
Upside Intraday Target	137.18
Upside Intraday Target	146.62
Downside Intraday Target	124.77

Weekly technical analysis of Panacea Biotec (PANACEABIO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	127.75	133.50	134.20	112.35	1.325 times
31 Fri May 2024	131.00	137.00	140.50	130.15	0.709 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

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 Thu Jun 2024	127.75	133.50	134.20	112.35	0.299 times
31 Fri May 2024	131.00	142.70	144.40	128.15	0.578 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

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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Panacea Biotec in short term and the sell signal is strong.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Panacea Biotec in short term but BUY 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

Although the stock is in the SELL zone, but selling 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 128.47 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.