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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 2021-08-31 View latest technical analysis

10 day averaged volume of Biocon is 132558

Date Daily Closing Price Open High Low Volume
31 Tue Aug 2021 358.60 356.55 360.00 352.15 0.349 times
30 Mon Aug 2021 356.55 349.50 358.00 348.95 0.873 times
27 Fri Aug 2021 346.80 339.00 347.80 339.00 0.486 times
26 Thu Aug 2021 340.90 347.15 349.25 340.05 0.67 times
25 Wed Aug 2021 347.15 349.35 349.50 343.80 0.667 times
24 Tue Aug 2021 349.60 335.15 351.70 332.45 1.306 times
23 Mon Aug 2021 333.05 360.00 362.25 327.75 3.065 times
20 Fri Aug 2021 357.55 370.05 370.55 353.95 0.993 times
18 Wed Aug 2021 370.05 369.90 373.65 368.00 0.704 times
17 Tue Aug 2021 366.70 367.15 371.20 362.60 0.87 times

My analysis of stock is bearish for shortterm, and stock might move down till 349.9 or till 330.7. Use a stoploss of 365.84 and if the stock hits stoploss, then it can shoot up till 381.82

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 351.7
Downside Intraday Target 344.8
Upside Intraday Target 362.75
Upside Intraday Target 366.9
Downside Intraday Target 355.85

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
31 Tue Aug 2021 358.60 349.50 360.00 348.95 0.197 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
31 Tue Aug 2021 358.60 386.55 392.35 327.75 0.665 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 15, 32, 36 Sell
MACD -19, -19Buy
Stochastics 56None
CCI 29Buy
RSI 46Sell
OBV -776516Sell
VWAP 348Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 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 BUY signal for Biocon in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

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 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 348.28 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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