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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)

Showing technical analysis as on 2021-08-24 View latest technical analysis

10 day averaged volume of Biocon is 118137

Date Daily Closing Price Open High Low Volume
24 Tue Aug 2021 349.60 335.15 351.70 332.45 1.466 times
23 Mon Aug 2021 333.05 360.00 362.25 327.75 3.439 times
20 Fri Aug 2021 357.55 370.05 370.55 353.95 1.114 times
18 Wed Aug 2021 370.05 369.90 373.65 368.00 0.789 times
17 Tue Aug 2021 366.70 367.15 371.20 362.60 0.976 times
16 Mon Aug 2021 367.15 371.35 373.00 366.25 0.411 times
13 Fri Aug 2021 371.35 375.00 376.95 369.55 0.446 times
12 Thu Aug 2021 374.35 375.00 375.70 369.00 0.287 times
11 Wed Aug 2021 372.55 379.10 379.30 366.20 1.331 times
10 Tue Aug 2021 379.10 384.60 384.60 376.00 0.563 times

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 343.6, for a target of 360.4 or 374.34

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 327.75
Upside Target 353.95
Upside Target 362.25
Upside Target 385.05
Upside Target 392.35
Upside Target 393.70
Upside Target 403.60
Upside Target 414.30
Upside Target 420.25
Upside Target 424.10

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 330.82
Downside Intraday Target 312.03
Upside Intraday Target 365.32
Upside Intraday Target 381.03
Downside Intraday Target 346.53

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
24 Tue Aug 2021 349.60 360.00 362.25 327.75 1.49 times
20 Fri Aug 2021 357.55 371.35 373.65 353.95 1.006 times
13 Fri Aug 2021 371.35 383.75 385.05 366.20 0.997 times
06 Fri Aug 2021 383.65 386.55 392.35 381.90 0.515 times
30 Fri Jul 2021 386.55 398.00 403.60 376.95 0.911 times

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

Monthly technical analysis of Biocon (Biocon)

Date Monthly Closing Price Open High Low Volume
24 Tue Aug 2021 349.60 386.55 392.35 327.75 0.54 times
30 Fri Jul 2021 386.55 404.50 414.30 376.95 0.912 times
30 Wed Jun 2021 404.40 389.20 420.25 382.85 1.364 times
31 Mon May 2021 387.60 382.50 393.70 370.15 0.641 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 7, 42, 72 Sell
MACD -19, -14Sell
Stochastics 20Sell
CCI -140Buy
RSI 43Sell
OBV -679882Sell
VWAP 355Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short 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.

Price action analysis of Biocon ( (Biocon) ) based on a short 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.

Price action analysis of Biocon ( (Biocon) ) based on a short to mid 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.

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 losing momentum.

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

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Biocon in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 354.77 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 negative.

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

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Daily charts

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Daily chart

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