(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 2022-05-20 View latest technical analysis
10 day averaged volume of Biocon is 67293
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Fri May 2022 | 339.65 | 325.55 | 340.80 | 325.55 | 2.174 times |
| 19 Thu May 2022 | 322.95 | 331.00 | 336.95 | 321.60 | 1.273 times |
| 18 Wed May 2022 | 337.90 | 335.00 | 347.05 | 332.10 | 1.855 times |
| 17 Tue May 2022 | 330.30 | 321.05 | 332.00 | 320.35 | 0.813 times |
| 16 Mon May 2022 | 319.90 | 329.00 | 329.00 | 317.10 | 0.884 times |
| 13 Fri May 2022 | 326.45 | 330.00 | 335.45 | 324.50 | 0.545 times |
| 12 Thu May 2022 | 327.70 | 334.15 | 334.15 | 324.65 | 0.625 times |
| 11 Wed May 2022 | 334.15 | 335.00 | 336.05 | 327.15 | 1.035 times |
| 10 Tue May 2022 | 330.80 | 338.80 | 343.00 | 328.20 | 1.229 times |
| 09 Mon May 2022 | 338.80 | 347.00 | 349.60 | 337.10 | 0.861 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 bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 329.2 as stoploss in an intra day buy trade for a target of 351.07. However, stock will show a bearish move below 329.2.
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 | 322.15 |
| Downside Intraday Target | 304.65 |
| Upside Intraday Target | 352.1 |
| Upside Intraday Target | 364.55 |
| Downside Intraday Target | 334.6 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Fri May 2022 | 339.65 | 329.00 | 347.05 | 317.10 | 1.629 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Biocon (Biocon)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 20 Fri May 2022 | 339.65 | 361.75 | 377.30 | 317.10 | 0.604 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 | 20, 27, 17 | Sell |
| MACD | -12, -10 | Sell |
| Stochastics | 40 | None |
| CCI | 50 | Buy |
| RSI | 51 | Buy |
| OBV | 411039 | Sell |
| VWAP | 332 | Buy |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Biocon ( (Biocon) ) based on a short 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 short term time period is
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
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 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 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
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 332.43 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 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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