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(Biocon) Biocon complete technical analysis [charts+indicators] | Buy/Sell Biocon | (Biocon) share price targets

Complete technical analysis of Biocon (Biocon) by charts plus indicators, forecast predictions and share price targets for Biocon (Biocon)

10 day averaged volume of Biocon is 502885

Date Daily Closing Price Open High Low Volume
06 Tue Dec 2022 273.30 279.95 280.30 272.65 3.234 times
05 Mon Dec 2022 279.05 283.10 284.90 278.85 3.95 times
02 Fri Dec 2022 283.70 284.05 285.25 282.00 0.085 times
01 Thu Dec 2022 285.50 283.20 286.40 283.00 0.191 times
30 Wed Nov 2022 283.20 284.20 286.95 280.55 0.255 times
29 Tue Nov 2022 282.10 281.40 283.50 281.40 0.109 times
28 Mon Nov 2022 281.30 280.35 284.50 280.00 0.722 times
25 Fri Nov 2022 282.20 275.05 282.60 275.05 0.094 times
24 Thu Nov 2022 274.00 283.10 283.10 273.95 2.832 times
23 Wed Nov 2022 280.10 280.50 283.20 279.50 1.007 times

Stock of Biocon (Biocon) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 273.2, for a target of 277.8 or 281.74

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 260.80
Downside Target 272.20
Upside Target 286.40
Upside Target 286.95
Upside Target 289.60
Upside Target 293.30
Upside Target 298.70
Upside Target 299.00
Upside Target 309.00
Upside Target 320.00

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 269
Downside Intraday Target 264.7
Upside Intraday Target 281.25
Upside Intraday Target 289.2
Upside Intraday Target 276.95

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
06 Tue Dec 2022 273.30 283.10 284.90 272.65 5.275 times
02 Fri Dec 2022 283.70 280.35 286.95 280.00 0.28 times
25 Fri Nov 2022 282.20 293.30 293.30 273.95 4.362 times
18 Fri Nov 2022 287.35 280.05 289.60 277.75 1.805 times
11 Fri Nov 2022 280.95 274.50 284.45 272.20 0.063 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Biocon (Biocon)

Date Monthly Closing Price Open High Low Volume
06 Tue Dec 2022 273.30 283.20 286.40 272.65 0.504 times
30 Wed Nov 2022 283.20 269.35 293.30 265.10 1.775 times
31 Mon Oct 2022 269.30 288.60 299.00 260.80 1.589 times
30 Fri Sep 2022 290.85 303.00 309.00 273.65 0.979 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Biocon (Biocon)

Indicator Name Indicator Value Indicator Signal
ADX 14, 26, 28 Sell
MACD -1, -1Sell
Stochastics 31None
CCI -170Sell
RSI 45Sell
OBV -5796001Sell
VWAP 277Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Biocon ( (Biocon) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Biocon ( (Biocon) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Biocon stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Biocon in short term and the sell signal is strong.

Biocon Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Biocon in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Biocon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 276.89 and Biocon (Biocon) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Biocon (Biocon) stock. Volume based technical analysis of Biocon (Biocon) stock is negative.

Biocon Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Biocon charts

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Daily charts

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Daily chart

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