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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)

Showing technical analysis as on 2022-04-13 View latest technical analysis

10 day averaged volume of Biocon is 104250

Date Daily Closing Price Open High Low Volume
13 Wed Apr 2022 350.75 349.95 354.55 348.60 0.28 times
12 Tue Apr 2022 349.05 347.90 352.75 342.30 1.237 times
11 Mon Apr 2022 351.75 357.00 361.60 350.05 1.096 times
08 Fri Apr 2022 355.15 355.00 357.40 353.15 0.466 times
07 Thu Apr 2022 352.55 352.60 355.80 348.65 2.572 times
06 Wed Apr 2022 350.10 346.95 352.50 345.90 0.905 times
05 Tue Apr 2022 347.20 349.00 349.80 345.45 0.445 times
04 Mon Apr 2022 346.30 341.95 347.95 341.85 1.044 times
01 Fri Apr 2022 341.95 336.40 342.80 336.40 0.67 times
31 Thu Mar 2022 334.55 341.55 343.60 331.80 0.579 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 351 as stoploss in an intra day sell trade for a target of 343.18. However, stock will show a bullish move above 351.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 319.00
Upside Target 350.95
Upside Target 352.55
Upside Target 353.40
Upside Target 357.40
Upside Target 361.60
Upside Target 382.45
Upside Target 387.80
Upside Target 410.50

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 341.5
Downside Intraday Target 332.25
Upside Intraday Target 360.8
Upside Intraday Target 370.85
Upside Intraday Target 351.55

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
13 Wed Apr 2022 350.75 357.00 361.60 342.30 0.481 times
08 Fri Apr 2022 355.15 341.95 357.40 341.85 1.27 times
01 Fri Apr 2022 341.95 352.55 352.55 331.80 0.847 times
25 Fri Mar 2022 348.90 333.95 350.95 328.60 1.285 times
17 Thu Mar 2022 331.55 333.90 336.95 324.55 0.454 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
13 Wed Apr 2022 350.75 336.40 361.60 336.40 0.289 times
31 Thu Mar 2022 334.55 352.30 353.40 319.00 1.02 times
28 Mon Feb 2022 348.95 367.70 410.50 347.10 0.957 times
31 Mon Jan 2022 367.40 363.10 382.45 347.10 1.178 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 24, 20, 10 Buy
MACD -3, -5Buy
Stochastics 63None
CCI 48Buy
RSI 46Sell
OBV 271739Sell
VWAP 349Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Biocon in short term and BUY 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 348.98 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 is giving positive 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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