Share to Double Pharma is Sector for 2023
This ha shown very good upmove from its support level.
Believe this will repeat the same
1.50INR
−332.37MINR
4.581BINR
9.302M
About PANACEA BIOTEC LTD
Sector
Headquarters
New Delhi
Employees (FY)
1.295K
Website
Founded
1984
ISIN
INE922B01023
Panacea Biotec Ltd. is a biotechnology company, which engages in the business of research, development, manufacture, and marketing of vaccines and pharmaceutical formulations. It operates through the Vaccines and Formulations segments. Its products cover a range of medical areas such as renal disease management, nephrology, oncology, diabetes management, and pediatric vaccines. The company was founded by Soshil Kumar Jain on February 2, 1984 and is headquartered in New Delhi, India.
following trendline in uptrend firm business pharma tycoon well known pharmaceutical brand, have started following uptrend after long time buy now with stoploss of trndline. and buy aggressively after it closes above 175
now have also formed bullish engulfing above trendline
Will the History repeat itself ??!!Long Position. This is a technical analysis.
High Volume
Financials:
1. Company has reduced debt and is almost debt free.
News:
Recently in news for indigeneous Dengue vaccine trials.
This is for Educational purposes only. Investing decisions should be made wisely and not emotionally as per your
panaceabio-long inverte H&S breakout likley
price>6>18>50>200 Day EMA
dengue vaccine phase 2 has been promising
if approved for public use (2026) , price can fly
PANACEABIO Trade Swet up1. Trend - Turning bullish
2. Base Building- 15 months consolidation
3. Breakout - Yet to confirm
4. Pattern- Rounding pattern - Multiple formations
5. RR - Lucrative with very good RR
Panacea Biotech Limited Analysis Stock has given strong BO on daily, weekly and monthly chart with massive volume spike, risk reward is favourable. Follow chart for proper support and resistance levels.
Panacea Biotec will repete the History ?Support and resistance levels: The key support levels are 107.81 The key resistance levels are 134.5.
stock has crossed the 50 day moving average on weekly chart.
first target 178.78 then we will move forward.
Disclaimer:
This is not investment advice. Please do your own research before makin
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