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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 2022-05-02 View latest technical analysis

10 day averaged volume of Biocon is 250620

Date Daily Closing Price Open High Low Volume
02 Mon May 2022 372.65 361.75 377.30 361.75 2.004 times
29 Fri Apr 2022 368.45 379.70 381.60 367.20 0.446 times
28 Thu Apr 2022 376.50 384.00 384.60 375.55 0.325 times
27 Wed Apr 2022 382.30 377.45 383.80 372.20 0.265 times
26 Tue Apr 2022 379.85 382.90 387.80 376.80 2.355 times
25 Mon Apr 2022 380.70 372.70 383.30 370.85 1.19 times
22 Fri Apr 2022 375.65 374.00 384.90 368.55 2.821 times
21 Thu Apr 2022 373.95 353.00 375.00 350.00 1.559 times
20 Wed Apr 2022 352.60 340.00 353.80 337.50 0.542 times
19 Tue Apr 2022 337.20 345.90 348.35 333.75 0.145 times

Stock of Biocon (Biocon) has showed a significant upmove. This could be a good time to enter in this stock!

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 374 as stoploss in an intra day sell trade for a target of 359.38. However, stock will show a bullish move above 374.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 319.00
Downside Target 333.75
Downside Target 341.85
Downside Target 367.20
Upside Target 377.30
Upside Target 382.45
Upside Target 384.90
Upside Target 387.80
Upside Target 410.50

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 363.83
Downside Intraday Target 355.02
Upside Intraday Target 379.38
Upside Intraday Target 386.12
Downside Intraday Target 370.57

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
02 Mon May 2022 372.65 361.75 377.30 361.75 0.437 times
29 Fri Apr 2022 368.45 372.70 387.80 367.20 0.845 times
22 Fri Apr 2022 375.65 350.00 384.90 333.75 4.987 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

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
02 Mon May 2022 372.65 361.75 377.30 361.75 0.147 times
29 Fri Apr 2022 368.45 336.40 387.80 333.75 1.088 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

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 23, 22, 2 Buy
MACD 11, 8Buy
Stochastics 72Buy
CCI 9Sell
RSI 52Buy
OBV 1554803Sell
VWAP 375Sell
ADL 0Sell
ROC 9Buy
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 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 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 losing momentum.

MACD generated a BUY signal for Biocon in short term and the buy signal is strong.

Biocon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal for Biocon in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Biocon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 374.62 and Biocon (Biocon) stock is trading below this level. This means that stock is falling with high volumes. 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

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Daily chart

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