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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)

10 day averaged volume of Biocon is 170431

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 319.90 329.00 329.00 317.10 0.349 times
13 Fri May 2022 326.45 330.00 335.45 324.50 0.215 times
12 Thu May 2022 327.70 334.15 334.15 324.65 0.247 times
11 Wed May 2022 334.15 335.00 336.05 327.15 0.409 times
10 Tue May 2022 330.80 338.80 343.00 328.20 0.485 times
09 Mon May 2022 338.80 347.00 349.60 337.10 0.34 times
06 Fri May 2022 348.10 360.85 360.85 347.40 0.348 times
05 Thu May 2022 361.80 373.00 373.00 360.60 0.193 times
04 Wed May 2022 366.85 368.55 376.95 364.60 4.162 times
02 Mon May 2022 372.65 361.75 377.30 361.75 2.946 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 334.2, but if it comes above 334.2, then a intra day buy could be more profitable.
If you take a sell trade below 334.2, then use 334.2 as stoploss and 309.4 as target. However if you take a buy trade in stock , then use 334.2 as stoploss and 354.86 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 317.10
Upside Target 347.10
Upside Target 353.40
Upside Target 367.20
Upside Target 377.30
Upside Target 382.45
Upside Target 384.90
Upside Target 387.80
Upside Target 410.50

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 315
Downside Intraday Target 310.1
Upside Intraday Target 326.9
Upside Intraday Target 333.9
Upside Intraday Target 322

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 319.90 329.00 329.00 317.10 0.206 times
13 Fri May 2022 326.45 347.00 349.60 324.50 0.222 times
06 Fri May 2022 348.10 361.75 377.30 347.40 1.135 times
29 Fri Apr 2022 368.45 372.70 387.80 367.20 0.845 times
22 Fri Apr 2022 375.65 350.00 384.90 333.75 4.987 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
16 Mon May 2022 319.90 361.75 377.30 317.10 0.484 times
29 Fri Apr 2022 368.45 336.40 387.80 333.75 1.088 times
31 Thu Mar 2022 334.55 352.30 353.40 319.00 1.02 times
28 Mon Feb 2022 348.95 367.70 410.50 347.10 0.957 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 10, 35, 55 Sell
MACD -12, -5Sell
Stochastics 4Sell
CCI -95Sell
RSI 47Sell
OBV 211546Sell
VWAP 360Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 coming down

CCI has generated a SELL signal for Biocon in short term and SELL 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 360.09 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.

Click here for Biocon charts

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Daily charts

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Daily chart

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