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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 2022-05-18 View latest technical analysis

10 day averaged volume of Biocon is 120465

Date Daily Closing Price Open High Low Volume
18 Wed May 2022 337.90 335.00 347.05 332.10 1.036 times
17 Tue May 2022 330.30 321.05 332.00 320.35 0.454 times
16 Mon May 2022 319.90 329.00 329.00 317.10 0.494 times
13 Fri May 2022 326.45 330.00 335.45 324.50 0.304 times
12 Thu May 2022 327.70 334.15 334.15 324.65 0.349 times
11 Wed May 2022 334.15 335.00 336.05 327.15 0.578 times
10 Tue May 2022 330.80 338.80 343.00 328.20 0.687 times
09 Mon May 2022 338.80 347.00 349.60 337.10 0.481 times
06 Fri May 2022 348.10 360.85 360.85 347.40 0.492 times
05 Thu May 2022 361.80 373.00 373.00 360.60 0.273 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 333.1 as stoploss in an intra day buy trade for a target of 354.27. However, stock will show a bearish move below 333.1.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 317.10
Downside Target 333.75
Upside Target 347.05
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 320.98
Downside Intraday Target 304.07
Upside Intraday Target 350.93
Upside Intraday Target 363.97
Downside Intraday Target 334.02

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
18 Wed May 2022 337.90 329.00 347.05 317.10 0.827 times
13 Fri May 2022 326.45 347.00 349.60 324.50 0.222 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

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
18 Wed May 2022 337.90 361.75 377.30 317.10 0.536 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 22, 27, 10 Sell
MACD -12, -8Sell
Stochastics 21Sell
CCI 12Buy
RSI 50Buy
OBV 449991Sell
VWAP 335Buy
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short 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 short 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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

CCI has generated a buy signal for Biocon in short term and BUY signal is strong.

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 335.09 and Biocon (Biocon) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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Daily charts

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