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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 2021-11-17 View latest technical analysis

10 day averaged volume of Biocon is 510017

Date Daily Closing Price Open High Low Volume
17 Wed Nov 2021 376.90 370.30 377.45 368.15 3.728 times
16 Tue Nov 2021 369.40 363.95 370.50 360.00 0.758 times
15 Mon Nov 2021 361.70 346.80 362.50 346.65 1.832 times
12 Fri Nov 2021 346.80 349.95 349.95 345.05 0.155 times
11 Thu Nov 2021 346.55 346.15 348.45 342.75 0.114 times
10 Wed Nov 2021 347.85 348.90 351.05 346.40 0.22 times
09 Tue Nov 2021 347.05 346.55 352.40 346.00 0.093 times
08 Mon Nov 2021 348.30 348.75 350.15 343.90 6.521 times
04 Thu Nov 2021 348.75 350.00 352.15 347.75 0.023 times
03 Wed Nov 2021 348.30 347.95 350.95 344.00 0.141 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 374.2, for a target of 359 or 346.32

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
Downside Target 370.40
Upside Target 376.95
Upside Target 377.45
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 356.55
Downside Intraday Target 336.2
Upside Intraday Target 387.35
Upside Intraday Target 397.8
Downside Intraday Target 367

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
17 Wed Nov 2021 376.90 346.80 377.45 346.65 0.889 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
17 Wed Nov 2021 376.90 350.00 377.45 342.75 1.758 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Biocon (Biocon)

Indicator Name Indicator Value Indicator Signal
ADX 41, 15, 47 Buy
MACD 4, -2Buy
Stochastics 97Buy
CCI 184Buy
RSI 56Buy
OBV -320280Sell
VWAP 359Buy
ADL 0Sell
ROC 9Buy
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 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

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 359.09 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.

Click here for Biocon charts

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Daily charts

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Daily chart

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