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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 2021-11-16 View latest technical analysis

10 day averaged volume of Biocon is 479373

Date Daily Closing Price Open High Low Volume
16 Tue Nov 2021 369.40 363.95 370.50 360.00 0.807 times
15 Mon Nov 2021 361.70 346.80 362.50 346.65 1.95 times
12 Fri Nov 2021 346.80 349.95 349.95 345.05 0.165 times
11 Thu Nov 2021 346.55 346.15 348.45 342.75 0.121 times
10 Wed Nov 2021 347.85 348.90 351.05 346.40 0.234 times
09 Tue Nov 2021 347.05 346.55 352.40 346.00 0.099 times
08 Mon Nov 2021 348.30 348.75 350.15 343.90 6.938 times
04 Thu Nov 2021 348.75 350.00 352.15 347.75 0.025 times
03 Wed Nov 2021 348.30 347.95 350.95 344.00 0.15 times
02 Tue Nov 2021 345.50 350.60 350.60 343.30 0.151 times

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 367.9, for a target of 355.3 or 344.69

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 314.90
Downside Target 322.50
Downside Target 342.75
Downside Target 353.80
Upside Target 370.40
Upside Target 370.50
Upside Target 376.95
Upside Target 392.35
Upside Target 398.60
Upside Target 414.30

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 353.87
Downside Intraday Target 338.33
Upside Intraday Target 377.72
Upside Intraday Target 386.03
Downside Intraday Target 362.18

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
16 Tue Nov 2021 369.40 346.80 370.50 346.65 0.365 times
12 Fri Nov 2021 346.80 348.75 352.40 342.75 15.328 times
04 Thu Nov 2021 348.75 350.00 353.80 343.30 0.247 times
29 Fri Oct 2021 350.75 323.95 352.45 314.90 0.643 times
22 Fri Oct 2021 323.95 347.80 349.50 322.50 1.239 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
16 Tue Nov 2021 369.40 350.00 370.50 342.75 1.286 times
29 Fri Oct 2021 350.75 363.80 370.40 314.90 1.315 times
30 Thu Sep 2021 362.85 359.00 398.60 350.00 1.427 times
31 Tue Aug 2021 358.60 386.55 392.35 327.75 0.665 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 37, 16, 38 Buy
MACD 0, -4Buy
Stochastics 84Buy
CCI 238Buy
RSI 55Buy
OBV -2445044Sell
VWAP 352Buy
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 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 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

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 and the buy signal is strong.

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 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

Although the stock is in the BUY zone, but buying 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 352.25 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 positive

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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