Tuesday, 12 September 2017

Top Stocks for Tomorrow Trading By Technical Analyst ( 12 Sep 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in PANACEA BIOTECH.

PANACEA BIOTECH is looking bullish on Daily Charts & Bullish crossover in MACD and strong reading at ADX shows strong trend, therefore I recommend traders to go long around 266 with a price target of around 276 & Stop loss should be placed below 251”


The company has product portfolio that caters therapeutics areas like pain management, diabetes and cardiovascular management, renal disease management, osteoporosis management, anti-tubercular, gastro-intestinal. Panacea Biotec is the third largest biotechnology company (as per ABLE Survey, 2006), as well as among the top 50 pharmaceutical companies (as per ORG IMS July 2006) of India. The company has been granted patents across countries like USA, U.K., France, Germany, Italy, Sweden, Denmark, Spain, Finland, Switzerland, The Netherlands, New Zealand, Mexico, Brazil, Nigeria, Zimbabwe, Australia, South Africa, Japan, Russia, Canada, Ukraine, Korea and China are among others.

The company expanded its existing collaboration with Apotex Inc, the largest Canadian-owned pharmaceutical company, for sales & distribution of Prasugrel 5mg and 10mg tablets in the USA.

It has signed an exclusive license and supply agreement with Apotex for this purpose.

Stock has been gaining for the last 3 days and has risen 29.05% in the period

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