PANACEABIO long consolidation about to BOIt looks like the stock is gearing up for a breakout after a period of consolidation.
There's a significant supply zone around the 500 psychological level.
For a successful breakout, we should ideally see a strong 1Month candle on our chart—it’s crucial to use that timeframe.
Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle
As always, remember to do your own research before making any investment decisions!
PANACEABIO trade ideas
Panacea Biotec LtdPanacea Biotec Ltd
PBL is in the business of research, development, manufacture and marketing of branded vaccines, pharmaceutical formulations, nutraceuticals and food & nutrition products
It is one of the largest Vaccine Manufacturing Company in India and is acknowledged by the United Nations (UN) Health Agencies in partnering the Global Polio Eradication Initiative (GPEI) with supplies of billions of doses of WHO Pre-qualified Polio vaccines in 50+ countries worldwide as a sequel to the completion of full range of Oral polio vaccines (tOPV, mOPV1, mOPV3 & bOPV (Type1&Type3)
It is the first company to have developed fully liquid Pentavalent vaccine (DTwP-Hep B+Hib) EasyFive and world’s first fully-liquid wP-IPV based Hexavalent vaccine (DTwP +HepB +Hib +IPV) EasySix
#PANACEABIO 165 Buy Recommended- Rachit Sethia PANACEABIO 165
NSE:PANACEABIO
TARGET 225
SL 135
Return 36%
TIME FRAME < 6 Months
RR > 2
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Panaceabiotech Short Term BuyIf we look at the chart of panacea biotech it is consolidating since more than 1 month so if breakout happen it will give you easily 20% return because if you see the chart same things are happned may times when it was consolidating and after giving breakout it has given a more than 20% return so i suggest you to go long on panacea biotech.
tarde at you own risk it is just my view what i believe trade according to your risk appetite
PANACEA BIOTECH Bearish or Bullish ??1. With sharp fall in the script price , it has well corrected to its low , and is at confluence of Moving averages and ll time Volumteric base at current levels
2. SII has increased stake in Jul 21 , results coming up in Feb , Good stock to keep for 2-3 months target .
3. Effectively using its capital to generate profit - RoCE improving in last 2 years
4.Growth in Net Profit with increasing Profit Margin (QoQ)
5.1 Day: Delivery volume increased by 375.41% over 5 day average , Watchout for volume increase and buy above 200 levels stop loss below 165 target 380+ good risk reward bet
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Note : i am not Sebi registered do your analysis before investing
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PANACEABIO LONG INTRADAY 20 APR 2021Dear trader,
If u look at the chart of PANACEABIO (analysis based intraday only) the f PANACEABIO Buy at 270 and
Target at 280.
Best Buy at 268.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Panacea Biotech - Readying for the blast or disappointment againAs you can see Panacea Biotech had wayward price action where stock will make big move with great volumes but disappoint later. Panacea Bio has WHO approved vaccine manufacturing facilities and considering how crunched India is in vaccine availability Panacea is in great spot. This time stock has done well and now looking to sustain. One can go long near CMP with black line as SL.
Do share your opinion below.
Ride or Die 168 or 259 ?pretty self explanatory waiting to see what happens tomorrow not sure if i load up at 204 since this is a slightly funny stock to trade sort of noticed it moving up when the nifty dips and vice versa
MM also making sure the price keeps getting suppressed with lower highs daily .
210 sort of looks like where all the accumulation has happened and now we are set to move specially after letting all other PHARMA stocks hog the limelight today.
will hold for another 2 days hoping to see 240-259 by then .
Got in this a bit late for the current trade , but its been good to me from the 140 levels so all's forgiven for it taking its time.
Remember people the long term down trend line just above 289 resistance may just get taken out with one good FA regarding this stock then it will go bonkers.
Till then keep trading the levels .. flip your bias quick if your theory is invalidated.
Peace out!
259 time to FLiP iT ! 287 nextI'd be happy with a 207 entry , recon the dips are for buying on this the last engulfing candle was insane.
Was reading up about the Serum Institute and realised that i can't trade it so looked at what else Adar Poonawalla might do to boost production of the miracle cure ,
One theory is why not offer it to Panaceabio in which he has a 5% holding to help mass produce.
Just my train of thought feel this one should move up fast and 259 is up next which is a decent trade from here 215.40.
Not sure if the vaccine they are ready to produce based on Oxford's research is approved or not so they might get buggered either way scalp the meat of the move and move on .
287 after 259 is flipped should happen fast as well ..
Worth a trade or 2 for sure...
PANACEABIO I Want to Fly so High ....ok this baby is flying to 287 pretty quick...
gutted cause i did a swing and intra day on it then forgot all about buying back ( big issue when you start checking out too many graphs)
As i had mentioned earlier clear 183 and we fly , had no idea about the deal with the U.S based Refana .
Basically another example of news comes after the graph or money !!
buy the dips on this one.. possibly good mid term hold but i'm not one for holding on too long which has its pros and cons.. :)
Anyways if this breaks that red downtrend line on top, which it has a high probability to then we are going to go ballistic and reach 399 very very quick.
I'd say give it 2 weeks for the fomo to die down till then good for intra day :)
PANACEABIO - INTRA DAY LTF Feel this may dip a wee bit before lift off ...one to keep eyes on .
Big position size with higher leverage
point of invalidation very close .
Just know that this company does something with bio and has a decent market cap ..
TIme to get a move on though , lets see....
Try A 30 minute graph this is just broad strokes , want to make it more fun use 5 minutes maybe 3 minutes however remember to zoom out.
Cheers!