Stock Information Portal

Price and trend forecast of PANACEABIO for Tomorrow, Weekly, Monthly

Panacea Biotec Limited

Symbol: NSE:PANACEABIO

ISIN: INE922B01023

135.80

As on 2024-05-27

116.00 (52W Low) 202.50 (52W High)

PANACEABIO's Today's Performance

Panacea Biotec Limited started the day by opening at 137.00 today 2024-05-27. Its shares reached a high of 137.45 and dipped to a low of 135.00 in intraday. When the markets closed, PANACEABIO’s stock price settled at ₹135.80 per share. Also check out its key support and resistance levels.

PANACEABIO Buy/Sell Targets

Tomorrow, sell PANACEABIO when its price reaches ₹ 135.80 with a stop-loss order at ₹ 137.34. You can set the target price as ₹ 134.26 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of PANACEABIO for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for PANACEABIO

Downside Targets Value in ₹
Tomorrow Down Target 1 137
Tomorrow Down Target 2 139
Tomorrow Down Target 3 140

Important Levels for PANACEABIO

Holding Levels Value in ₹
Tomorrow Up Target 1 135
Tomorrow Up Target 2 134
Tomorrow Up Target 3 132
Based on where the stock opens tomorrow, if PANACEABIO opens on a positive note, our first target will be ₹137. If Target 1 is achieved, we will aim for Target 2 which is ₹139.

But if PANACEABIO falls below the average value of ₹136.08, you can enter a sell side position with target number 1 - ₹135 and second target - ₹134 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of PANACEABIO

Looking at PANACEABIO, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, PANACEABIO has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for PANACEABIO is moderate bearish.

Tomorrow's Volume based share price Forecast for PANACEABIO

PANACEABIO's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 31%.

Reversal detection for PANACEABIO

Predicted trend chart of PANACEABIO tomorrow for price forecast
PANACEABIO may trend may continue to be bearish since stock is making lower low and we can get target of ₹138 in morning tomorrow
Target 1 tomorrow137
Target 2 tomorrow138
Target 3 tomorrow139
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with PANACEABIO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if PANACEABIO opens on a positive note, our first target will be ₹137.17. If Target 1 is achieved, we will aim for Target 2 which is ₹138.53.

But if PANACEABIO falls below the average value of ₹136.08, you can enter a sell side position with target number 1 - ₹134.72 and second target - ₹133.63

PANACEABIO's Weekly Targets
1st Up Target 137.17
2nd Up Target 138.53
1st Down Target 134.72
2nd Down Target 133.63

As the week for PANACEABIO ended on bearish sentiments, we can expect further continuation of this sentiment. PANACEABIO's initial target will be 137.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 134.72 in the upcoming week.

Weekly OHLC Values
Open 137.00
High 137.45
Low 135.00
Close 135.80

Week for PANACEABIO started with an open price of 137.00, and the close was at 135.80. PANACEABIO reached the highest of 137.45 and dipped lowest up to 135.00 last week. This indicates a bearish sentiment for the week.

PANACEABIO full month swing targets
Monthly Up Target 1 139.62
Monthly Up Target 2 140.98
Monthly Down Target 1 132.27
Monthly Down Target 2 128.73

Targets of ₹139.62 can be expected to be reached in the coming month. Once PANACEABIO achieved this target, we can aim for the next upside target of ₹140.98.

PANACEABIO if fails to hold upside, down targets of ₹132.27 and ₹128.73 can be achieved by end of this month.

For complete three weeks if PANACEABIO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as PANACEABIO

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

PANACEABIO is expected to reach the target of 137.17 in tomorrow's trading session.

After achieving the initial target in PANACEABIO, we will aim for higher targets of 138.53 tomorrow.

However, if PANACEABIO starts to trade below ₹136.08, then we will shift our focus to the sell side and aim for down targets of 134.72 and 133.63.