(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)
Intraday share price targets for Biocon (Biocon)
|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|
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.