Highlights & Chart Patterns of Panacea Biotec Ltd.
Spinning top Candlestick pattern was formed by Panacea Biotec Ltd. on 24/01/2020 Prior to pattern formation this share was in downtrend.
Bullish engulfing Candlestick pattern was formed by Panacea Biotec Ltd. on 23/01/2020 Prior to pattern formation this share was in downtrend.
Inverted hammer at downtrend Candlestick pattern was formed by Panacea Biotec Ltd. on 23/01/2020 Prior to pattern formation this share was in downtrend.
Bollinger Band is squeezing for last 7 Days. After such squeeze, when breakout happens then stocks tends to move in the direction of breakout
As Per ADX, stock is in trend with ADX of 36.9748 and is trending for 21 Days
As Per Chaikin Money Flow, stock has Very Strong Selling pressure with CMF = -0.409593. Strong Selling pressure is for 6 Days
Stock of Panacea Biotec Ltd. has formed Support (trend line) with dates 21/01/2020, 09/01/2020, 06/01/2020, 24/12/2019, on daily Charts. Highest point touched during this period is 136.25.Support line still holds good. Stock price : 129.45 is hovering just above Support price of 129.15. If other indicators are supportive then a long position (Buy) may be taken.
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Share Price History of Panacea Biotec Ltd.
Date
Open
High
Low
Close
Volume
24-Jan-20
130.00
132.40
127.00
129.45
16809
23-Jan-20
129.95
138.00
129.95
131.10
24696
22-Jan-20
130.80
133.90
129.00
130.45
40894
21-Jan-20
131.50
135.00
126.35
129.15
27705
20-Jan-20
134.75
135.95
131.60
132.45
8155
17-Jan-20
134.05
136.00
131.45
133.15
27358
16-Jan-20
135.55
138.00
133.75
134.25
26514
15-Jan-20
134.95
135.85
133.70
134.10
12502
14-Jan-20
133.80
141.45
132.10
136.25
84049
13-Jan-20
133.45
134.80
131.85
132.35
13404
About Panacea Biotec Limited
Panacea Biotec Limited, a biotechnology company, researches and develops, manufactures, markets, and sells pharmaceuticals, vaccines, and biosimilar in India. The company operates through Vaccines, Formulations, and Research and Development segments. Its product portfolio includes prescription products in various therapeutic areas, including pain management, diabetes and cardiovascular management, oncology, renal disease management, osteoporosis management, anti-tubercular, and gastro-intestinal care products, as well as vaccines. The company also exports its products to the Commonwealth of Independent States, Africa, the Middle East, and Asia. Panacea Biotec Limited was founded in 1984 and is based in New Delhi, India. About Strength
Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback
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( Intraday Analysis is on 15 Mins Delayed Data. All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
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