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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 2022-05-20 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, -10Sell
Stochastics 40None
CCI 50Buy
RSI 51Buy
OBV 411039Sell
VWAP 332Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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.

Click here for Biocon charts

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Daily charts

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Daily chart

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