TechieindusTrader

PANACEA BIOTECH Bearish or Bullish ??

Long
NSE:PANACEABIO   PANACEA BIOTEC LTD
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


------------------------------------
Note : i am not Sebi registered do your analysis before investing
-------------------------------------


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.