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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 2021-08-30 View latest technical analysis

10 day averaged volume of Biocon is 126260

Date Daily Closing Price Open High Low Volume
30 Mon Aug 2021 356.55 349.50 358.00 348.95 0.916 times
27 Fri Aug 2021 346.80 339.00 347.80 339.00 0.511 times
26 Thu Aug 2021 340.90 347.15 349.25 340.05 0.704 times
25 Wed Aug 2021 347.15 349.35 349.50 343.80 0.7 times
24 Tue Aug 2021 349.60 335.15 351.70 332.45 1.371 times
23 Mon Aug 2021 333.05 360.00 362.25 327.75 3.218 times
20 Fri Aug 2021 357.55 370.05 370.55 353.95 1.043 times
18 Wed Aug 2021 370.05 369.90 373.65 368.00 0.739 times
17 Tue Aug 2021 366.70 367.15 371.20 362.60 0.913 times
16 Mon Aug 2021 367.15 371.35 373.00 366.25 0.385 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 350.7 as stoploss in an intra day buy trade for a target of 367.41. However, stock will show a bearish move below 350.7.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 327.75
Downside Target 348.95
Upside Target 381.90
Upside Target 382.85
Upside Target 385.05
Upside Target 392.35
Upside Target 393.70
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 351
Downside Intraday Target 345.45
Upside Intraday Target 360.05
Upside Intraday Target 363.55
Downside Intraday Target 354.5

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
30 Mon Aug 2021 356.55 349.50 358.00 348.95 0.141 times
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

Price has moved up 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
30 Mon Aug 2021 356.55 386.55 392.35 327.75 0.651 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 14, 34, 42 Sell
MACD -20, -19Sell
Stochastics 43None
CCI 2Buy
RSI 47Sell
OBV -749122Sell
VWAP 349Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 and BUY signal is strong.

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 348.61 and Biocon (Biocon) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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