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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 300811

Date Daily Closing Price Open High Low Volume
28 Mon Nov 2022 281.30 280.35 284.50 280.00 1.207 times
25 Fri Nov 2022 282.20 275.05 282.60 275.05 0.157 times
24 Thu Nov 2022 274.00 283.10 283.10 273.95 4.735 times
23 Wed Nov 2022 280.10 280.50 283.20 279.50 1.683 times
22 Tue Nov 2022 281.95 283.40 284.60 280.10 1.263 times
21 Mon Nov 2022 285.20 293.30 293.30 283.00 0.297 times
18 Fri Nov 2022 287.35 286.15 289.60 283.05 0.325 times
17 Thu Nov 2022 285.85 284.20 286.35 282.20 0.248 times
16 Wed Nov 2022 284.45 285.45 287.50 280.50 0.364 times
15 Tue Nov 2022 283.90 285.95 285.95 277.75 0.667 times

My analysis of stock is bullish for shortterm, and stock might move up till 285 or till 291.8. Use a stoploss of 279.4 and if this stock hits its stoploss, then it can fall down till 273.77

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 260.80
Downside Target 272.20
Upside Target 289.60
Upside Target 293.30
Upside Target 298.70
Upside Target 299.00
Upside Target 305.00
Upside Target 309.00
Upside Target 320.00
Upside Target 341.50

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 279.37
Downside Intraday Target 277.43
Upside Intraday Target 283.87
Upside Intraday Target 286.43
Upside Intraday Target 281.93

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
28 Mon Nov 2022 281.30 280.35 284.50 280.00 0.148 times
25 Fri Nov 2022 282.20 293.30 293.30 273.95 4.362 times
18 Fri Nov 2022 287.35 280.05 289.60 277.75 1.805 times
11 Fri Nov 2022 280.95 274.50 284.45 272.20 0.063 times
04 Fri Nov 2022 274.10 272.15 281.80 265.10 7.043 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
28 Mon Nov 2022 281.30 269.35 293.30 265.10 1.732 times
31 Mon Oct 2022 269.30 288.60 299.00 260.80 1.589 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

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 17, 16, 6 Buy
MACD -1, -1Buy
Stochastics 27Sell
CCI -23Buy
RSI 51Buy
OBV -478103Sell
VWAP 279Buy
ADL 0Sell
ROC -2Sell
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 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 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 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 BUY. 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.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Biocon in short term but BUY signal is weak.

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 278.7 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 has given negative 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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Daily chart

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