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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 2021-09-16 View latest technical analysis

10 day averaged volume of Biocon is 67609

Date Daily Closing Price Open High Low Volume
16 Thu Sep 2021 376.90 360.00 379.05 356.00 3.387 times
15 Wed Sep 2021 357.35 357.00 359.95 355.50 1.207 times
14 Tue Sep 2021 355.70 352.70 356.45 352.70 0.689 times
13 Mon Sep 2021 353.55 352.80 354.85 350.00 1.31 times
09 Thu Sep 2021 352.80 352.65 356.00 350.20 1.032 times
08 Wed Sep 2021 355.60 363.00 363.00 353.80 0.998 times
07 Tue Sep 2021 356.70 363.90 363.90 354.55 0.437 times
06 Mon Sep 2021 361.35 365.00 366.05 360.75 0.562 times
03 Fri Sep 2021 363.30 359.50 365.70 357.90 2.123 times
02 Thu Sep 2021 358.70 359.60 359.60 355.20 0.618 times

Stock of Biocon (Biocon) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 375.7, for a target of 364.6 or 355.35

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 327.75
Downside Target 348.95
Downside Target 362.25
Upside Target 376.95
Upside Target 379.05
Upside Target 382.85
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 358.25
Downside Intraday Target 339.6
Upside Intraday Target 387.3
Upside Intraday Target 397.7
Downside Intraday Target 368.65

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
16 Thu Sep 2021 376.90 352.80 379.05 350.00 2.177 times
09 Thu Sep 2021 352.80 365.00 366.05 350.20 0.491 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

Price has moved up 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
16 Thu Sep 2021 376.90 359.00 379.05 350.00 0.422 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 up 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 34, 19, 30 Buy
MACD -8, -12Buy
Stochastics 58None
CCI 205Buy
RSI 54Buy
OBV 19614Sell
VWAP 363Buy
ADL 0Sell
ROC 6Buy
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 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 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 BUY. 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 362.94 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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Daily charts

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Daily chart

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