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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 96197

Date Daily Closing Price Open High Low Volume
07 Fri Oct 2022 282.75 290.00 290.00 281.70 2.649 times
06 Thu Oct 2022 291.30 298.60 298.90 290.50 1.109 times
04 Tue Oct 2022 298.45 292.70 299.00 292.70 1.209 times
03 Mon Oct 2022 291.95 288.60 296.15 288.60 0.64 times
30 Fri Sep 2022 290.85 285.05 292.40 285.05 1.212 times
29 Thu Sep 2022 286.90 286.00 288.65 284.30 0.722 times
28 Wed Sep 2022 284.05 278.05 287.00 277.10 1.078 times
27 Tue Sep 2022 280.15 277.00 281.10 273.65 0.675 times
26 Mon Sep 2022 276.00 284.85 284.85 275.40 1.337 times
23 Fri Sep 2022 284.10 288.35 292.60 283.05 1.281 times

Stock of Biocon (Biocon) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 283.8, but if it comes above 283.8, then a intra day buy could be more profitable.
If you take a sell trade below 283.8, then use 283.8 as stoploss and 274 as target. However if you take a buy trade in stock , then use 283.8 as stoploss and 291.93 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 273.65
Downside Target 281.70
Upside Target 290.20
Upside Target 298.70
Upside Target 304.70
Upside Target 305.00
Upside Target 307.00
Upside Target 309.00
Upside Target 320.00
Upside Target 341.50
Upside Target 344.00

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 276.63
Downside Intraday Target 270.52
Upside Intraday Target 293.93
Upside Intraday Target 305.12
Upside Intraday Target 287.82

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
07 Fri Oct 2022 282.75 288.60 299.00 281.70 1.116 times
30 Fri Sep 2022 290.85 284.85 292.40 273.65 0.599 times
23 Fri Sep 2022 284.10 291.40 301.00 283.05 1.51 times
16 Fri Sep 2022 291.10 301.60 309.00 290.20 1.005 times
09 Fri Sep 2022 302.20 294.50 304.70 290.25 1.118 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 Fri Oct 2022 282.75 288.60 299.00 281.70 0.205 times
30 Fri Sep 2022 290.85 303.00 309.00 273.65 0.979 times
30 Tue Aug 2022 309.65 312.00 320.00 298.70 1.016 times
29 Fri Jul 2022 307.05 311.00 341.50 305.00 0.884 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 21, 29, 15 Sell
MACD -9, -10Buy
Stochastics 68None
CCI -30Sell
RSI 40Sell
OBV -222111Sell
VWAP 286Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is

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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Biocon in short term but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below 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 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 286.07 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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