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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 2024-11-22 View latest technical analysis

10 day averaged volume of Panama Petrochem is 92424

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	326.65	310.80	328.55	310.75	1.385 times
21 Thu Nov 2024	309.50	312.00	312.00	306.00	0.612 times
19 Tue Nov 2024	310.40	313.20	319.80	308.45	1.681 times
18 Mon Nov 2024	311.80	319.40	322.90	309.95	0.623 times
14 Thu Nov 2024	317.85	324.70	332.00	315.80	0.975 times
13 Wed Nov 2024	320.45	341.90	345.50	316.25	2.089 times
12 Tue Nov 2024	340.15	372.00	375.25	336.90	1.866 times
11 Mon Nov 2024	370.55	370.00	376.40	362.05	0.3 times
08 Fri Nov 2024	372.40	375.70	380.65	361.00	0.982 times
07 Thu Nov 2024	374.75	381.00	383.10	373.05	0.27 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 327.6, but if it comes above 327.6, then a intra day buy could be more profitable.
If you take a sell trade below 327.6, then use 327.6 as stoploss and 296 as target. However if you take a buy trade in stock , then use 327.6 as stoploss and 353.99 as target.

Share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Target	306.00
Downside Target	315.80
Upside Target	328.55
Upside Target	354.00
Upside Target	376.40
Upside Target	385.00
Upside Target	410.00
Upside Target	424.00
Upside Target	427.20
Upside Target	452.50

Intraday share price targets for Panama Petrochem (PANAMAPET)

Target Type	Value
Downside Intraday Target	312.25
Downside Intraday Target	297.85
Upside Intraday Target	334.8
Upside Intraday Target	342.95
Downside Intraday Target	320.4

Weekly technical analysis of Panama Petrochem (PANAMAPET)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	326.65	319.40	328.55	306.00	0.822 times
14 Thu Nov 2024	317.85	370.00	376.40	315.80	2.05 times
08 Fri Nov 2024	372.40	376.40	383.10	361.00	1.511 times
01 Fri Nov 2024	377.45	360.00	385.00	357.30	0.536 times
25 Fri Oct 2024	363.50	410.00	410.00	354.00	1.15 times

Price has moved up 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
22 Fri Nov 2024	326.65	382.95	385.00	306.00	0.866 times
31 Thu Oct 2024	380.95	389.05	410.00	354.00	0.651 times
30 Mon Sep 2024	387.15	424.00	424.00	385.00	0.581 times
30 Fri Aug 2024	415.65	415.70	427.20	380.15	0.479 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Panama Petrochem stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Panama Petrochem 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.

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 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 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 329.22 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.