Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 135178

Date Daily Closing Price Open High Low Volume
07 Tue Feb 2023 237.70 241.05 242.10 236.70 0.517 times
06 Mon Feb 2023 241.15 233.40 244.75 231.80 1.804 times
03 Fri Feb 2023 233.40 242.95 242.95 230.30 0.389 times
02 Thu Feb 2023 239.15 238.05 241.60 236.75 0.941 times
01 Wed Feb 2023 239.75 236.10 243.80 236.10 1.578 times
31 Tue Jan 2023 235.10 234.95 236.00 232.45 0.719 times
30 Mon Jan 2023 233.80 235.50 235.80 229.70 1.182 times
27 Fri Jan 2023 235.50 236.05 239.95 232.65 1.914 times
25 Wed Jan 2023 235.30 245.55 246.00 234.40 0.685 times
24 Tue Jan 2023 245.90 248.60 250.40 245.45 0.412 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 236.8 as stoploss in an intra day buy trade for a target of 244.01. However, stock will show a bearish move below 236.8.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 229.70
Upside Target 243.80
Upside Target 254.05
Upside Target 259.25
Upside Target 259.80
Upside Target 260.80
Upside Target 265.10
Upside Target 265.90
Upside Target 286.40
Upside Target 293.30
Upside Target 299.00

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 231.42
Downside Intraday Target 225.13
Upside Intraday Target 244.37
Upside Intraday Target 251.03
Upside Intraday Target 238.08

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
07 Tue Feb 2023 237.70 233.40 244.75 231.80 0.483 times
03 Fri Feb 2023 233.40 235.50 243.80 229.70 1.42 times
27 Fri Jan 2023 235.50 244.55 250.40 232.65 1.317 times
20 Fri Jan 2023 245.00 250.00 254.05 244.60 0.867 times
13 Fri Jan 2023 252.10 256.65 259.80 246.35 0.781 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
07 Tue Feb 2023 237.70 236.10 244.75 230.30 0.358 times
31 Tue Jan 2023 235.10 261.80 265.90 229.70 0.294 times
30 Fri Dec 2022 261.80 283.20 286.40 259.25 0.905 times
30 Wed Nov 2022 283.20 269.35 293.30 265.10 1.775 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 12, 25, 33 Sell
MACD -13, -13Buy
Stochastics 37None
CCI 15Sell
RSI 46Sell
OBV 21633Sell
VWAP 238Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 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 losing 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. Bears are getting stronger in this stock.

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 but SELL signal is weak.

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

Although the stock is in the SELL zone, but selling 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 237.72 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

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme