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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 2022-05-12 View latest technical analysis

10 day averaged volume of Biocon is 177344

Date Daily Closing Price Open High Low Volume
12 Thu May 2022 327.70 334.15 334.15 324.65 0.237 times
11 Wed May 2022 334.15 335.00 336.05 327.15 0.393 times
10 Tue May 2022 330.80 338.80 343.00 328.20 0.466 times
09 Mon May 2022 338.80 347.00 349.60 337.10 0.327 times
06 Fri May 2022 348.10 360.85 360.85 347.40 0.334 times
05 Thu May 2022 361.80 373.00 373.00 360.60 0.185 times
04 Wed May 2022 366.85 368.55 376.95 364.60 4 times
02 Mon May 2022 372.65 361.75 377.30 361.75 2.832 times
29 Fri Apr 2022 368.45 379.70 381.60 367.20 0.63 times
28 Thu Apr 2022 376.50 384.00 384.60 375.55 0.459 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 339.6, but if it comes above 339.6, then a intra day buy could be more profitable.
If you take a sell trade below 339.6, then use 339.6 as stoploss and 318.1 as target. However if you take a buy trade in stock , then use 339.6 as stoploss and 357.54 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 319.00
Upside Target 333.75
Upside Target 342.30
Upside Target 361.60
Upside 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 318.37
Downside Intraday Target 309.03
Upside Intraday Target 343.32
Upside Intraday Target 358.93
Upside Intraday Target 333.98

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
12 Thu May 2022 327.70 347.00 349.60 324.65 0.194 times
06 Fri May 2022 348.10 361.75 377.30 347.40 1.135 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

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
12 Thu May 2022 327.70 361.75 377.30 324.65 0.456 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 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 11, 35, 52 Sell
MACD -7, -0Sell
Stochastics 7Sell
CCI -103Sell
RSI 45Sell
OBV 64545Sell
VWAP 363Sell
ADL 0Sell
ROC -14Sell
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 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 SELL signal for Biocon in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 363.46 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 negative.

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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