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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 2021-08-27 View latest technical analysis

10 day averaged volume of Biocon is 123201

Date Daily Closing Price Open High Low Volume
27 Fri Aug 2021 346.80 339.00 347.80 339.00 0.523 times
26 Thu Aug 2021 340.90 347.15 349.25 340.05 0.721 times
25 Wed Aug 2021 347.15 349.35 349.50 343.80 0.717 times
24 Tue Aug 2021 349.60 335.15 351.70 332.45 1.405 times
23 Mon Aug 2021 333.05 360.00 362.25 327.75 3.297 times
20 Fri Aug 2021 357.55 370.05 370.55 353.95 1.069 times
18 Wed Aug 2021 370.05 369.90 373.65 368.00 0.757 times
17 Tue Aug 2021 366.70 367.15 371.20 362.60 0.936 times
16 Mon Aug 2021 367.15 371.35 373.00 366.25 0.394 times
13 Fri Aug 2021 371.35 375.00 376.95 369.55 0.428 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 351.9, but if it comes above 351.9, then a intra day buy could be more profitable.
If you take a sell trade below 351.9, then use 351.9 as stoploss and 331.5 as target. However if you take a buy trade in stock , then use 351.9 as stoploss and 368.91 as target.

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 328.95
Downside Intraday Target 311.1
Upside Intraday Target 363.45
Upside Intraday Target 380.1
Downside Intraday Target 345.6

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
27 Fri Aug 2021 346.80 360.00 362.25 327.75 2.112 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, 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
27 Fri Aug 2021 346.80 386.55 392.35 327.75 0.615 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 6, 38, 75 Sell
MACD -22, -18Sell
Stochastics 34None
CCI -64Buy
RSI 45Sell
OBV -607811Sell
VWAP 349Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 348.83 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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