Stock analysis Panacea Biotec Limited PANACEABIO
Recent prices of PANACEABIO Panacea Biotec Limited are as follows: Daily volume is divided by 10 day averaged volume
Technical analysis forecast of Panacea Biotec Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Panacea Biotec Limited PANACEABIO at this time. Stock is rising and might rise more.
It appears as if Panacea Biotec Limited PANACEABIO gave a large move recently.
Stock of Panacea Biotec Limited (PANACEABIO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!
My analysis of Panacea Biotec Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 166.7 as stoploss in an intra day sell trade for a target of 153.41. However, stock will show a bullish move above 166.7.