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)

Showing technical analysis as on 2022-04-20 View latest technical analysis

10 day averaged volume of Biocon is 96311

Date Daily Closing Price Open High Low Volume
20 Wed Apr 2022 352.60 340.00 353.80 337.50 1.412 times
19 Tue Apr 2022 337.20 345.90 348.35 333.75 0.378 times
18 Mon Apr 2022 342.85 350.00 350.65 338.55 0.915 times
13 Wed Apr 2022 350.75 349.95 354.55 348.60 0.303 times
12 Tue Apr 2022 349.05 347.90 352.75 342.30 1.339 times
11 Mon Apr 2022 351.75 357.00 361.60 350.05 1.186 times
08 Fri Apr 2022 355.15 355.00 357.40 353.15 0.505 times
07 Thu Apr 2022 352.55 352.60 355.80 348.65 2.784 times
06 Wed Apr 2022 350.10 346.95 352.50 345.90 0.979 times
05 Tue Apr 2022 347.20 349.00 349.80 345.45 0.482 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 351.3, but if it comes below 351.3, then a intra day sell could be more profitable.
If you take a sell trade below 351.3, then use 351.3 as stoploss and 345.28 as target. However if you take a buy trade in stock , then use 351.3 as stoploss and 358.6 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 319.00
Downside Target 328.60
Downside Target 341.85
Upside Target 353.40
Upside Target 353.80
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 339.63
Downside Intraday Target 326.67
Upside Intraday Target 359.68
Upside Intraday Target 366.77
Downside Intraday Target 346.72

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
20 Wed Apr 2022 352.60 350.00 353.80 333.75 0.956 times
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

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
20 Wed Apr 2022 352.60 336.40 361.60 333.75 0.372 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 20, 24, 9 Sell
MACD -3, -4Buy
Stochastics 35None
CCI -20Buy
RSI 50Buy
OBV 378777Sell
VWAP 350Buy
ADL 0Sell
ROC 2Buy
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 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 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 Weak 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 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 moving up

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 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 350.17 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.

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