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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 627520

Date Daily Closing Price Open High Low Volume
07 Wed Dec 2022 275.60 275.15 276.65 272.60 0.058 times
06 Tue Dec 2022 273.30 279.95 280.30 272.65 2.591 times
05 Mon Dec 2022 279.05 283.10 284.90 278.85 3.165 times
02 Fri Dec 2022 283.70 284.05 285.25 282.00 0.068 times
01 Thu Dec 2022 285.50 283.20 286.40 283.00 0.153 times
30 Wed Nov 2022 283.20 284.20 286.95 280.55 0.205 times
29 Tue Nov 2022 282.10 281.40 283.50 281.40 0.087 times
28 Mon Nov 2022 281.30 280.35 284.50 280.00 0.578 times
25 Fri Nov 2022 282.20 275.05 282.60 275.05 0.075 times
24 Thu Nov 2022 274.00 283.10 283.10 273.95 2.27 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 277.5, but if it comes above 277.5, then a intra day buy could be more profitable.
If you take a sell trade below 277.5, then use 277.5 as stoploss and 272.6 as target. However if you take a buy trade in stock , then use 277.5 as stoploss and 281.58 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 260.80
Downside Target 272.20
Upside Target 286.40
Upside Target 286.95
Upside Target 289.60
Upside Target 293.30
Upside Target 298.70
Upside Target 299.00
Upside Target 309.00
Upside Target 320.00

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 270.5
Downside Intraday Target 265.4
Upside Intraday Target 282.8
Upside Intraday Target 290
Upside Intraday Target 277.7

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
07 Wed Dec 2022 275.60 283.10 284.90 272.60 5.328 times
02 Fri Dec 2022 283.70 280.35 286.95 280.00 0.28 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Biocon (Biocon)

Date Monthly Closing Price Open High Low Volume
07 Wed Dec 2022 275.60 283.20 286.40 272.60 0.509 times
30 Wed Nov 2022 283.20 269.35 293.30 265.10 1.775 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

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 13, 24, 29 Sell
MACD -2, -1Sell
Stochastics 22Sell
CCI -126Sell
RSI 45Sell
OBV -5850193Sell
VWAP 277Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 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 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 gaining momentum.

MACD generated a SELL signal for Biocon in short term and the sell signal is strong.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 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 276.61 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 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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