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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 2021-09-07 View latest technical analysis

10 day averaged volume of Biocon is 86942

Date Daily Closing Price Open High Low Volume
07 Tue Sep 2021 356.70 363.90 363.90 354.55 0.34 times
06 Mon Sep 2021 361.35 365.00 366.05 360.75 0.437 times
03 Fri Sep 2021 363.30 359.50 365.70 357.90 1.651 times
02 Thu Sep 2021 358.70 359.60 359.60 355.20 0.481 times
01 Wed Sep 2021 354.70 359.00 359.45 353.00 0.796 times
31 Tue Aug 2021 358.60 356.55 360.00 352.15 0.532 times
30 Mon Aug 2021 356.55 349.50 358.00 348.95 1.331 times
27 Fri Aug 2021 346.80 339.00 347.80 339.00 0.742 times
26 Thu Aug 2021 340.90 347.15 349.25 340.05 1.022 times
25 Wed Aug 2021 347.15 349.35 349.50 343.80 1.017 times

My analysis of stock is bearish for shortterm, and stock might move down till 347.8 or till 334. Use a stoploss of 359.31 and if the stock hits stoploss, then it can shoot up till 370.83

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 327.75
Downside Target 348.95
Upside Target 362.25
Upside Target 373.65
Upside Target 376.95
Upside Target 382.85
Upside Target 385.05
Upside Target 392.35
Upside Target 393.70
Upside Target 414.30
Upside Target 420.25

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 352.15
Downside Intraday Target 347.6
Upside Intraday Target 363.65
Upside Intraday Target 370.6
Upside Intraday Target 359.1

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
07 Tue Sep 2021 356.70 365.00 366.05 354.55 0.162 times
03 Fri Sep 2021 363.30 349.50 365.70 348.95 0.507 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

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
07 Tue Sep 2021 356.70 359.00 366.05 353.00 0.15 times
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

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 16, 29, 28 Sell
MACD -13, -16Buy
Stochastics 82Buy
CCI 48Sell
RSI 48Sell
OBV -656059Sell
VWAP 354Buy
ADL 0Sell
ROC 2Buy
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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Biocon in short term but SELL 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 354.29 and Biocon (Biocon) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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

Biocon Stock is giving positive 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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