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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)

10 day averaged volume of Biocon is 86779

Date Daily Closing Price Open High Low Volume
30 Mon Jan 2023 233.80 235.50 235.80 229.70 1.841 times
27 Fri Jan 2023 235.50 236.05 239.95 232.65 2.981 times
25 Wed Jan 2023 235.30 245.55 246.00 234.40 1.067 times
24 Tue Jan 2023 245.90 248.60 250.40 245.45 0.641 times
23 Mon Jan 2023 248.40 244.55 249.50 244.55 0.588 times
20 Fri Jan 2023 245.00 247.90 250.30 244.60 0.497 times
19 Thu Jan 2023 249.05 250.95 250.95 247.80 0.288 times
18 Wed Jan 2023 249.60 249.05 250.40 248.30 0.475 times
17 Tue Jan 2023 249.35 250.05 251.20 247.50 0.52 times
16 Mon Jan 2023 250.50 250.00 254.05 249.10 2.227 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 231.9, for a target of 242.2 or 250.76

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 229.70
Upside Target 244.60
Upside Target 260.80
Upside Target 265.10
Upside Target 265.90
Upside Target 273.65
Upside Target 286.40
Upside Target 293.30
Upside Target 299.00
Upside Target 309.00

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 230.4
Downside Intraday Target 227
Upside Intraday Target 236.5
Upside Intraday Target 239.2
Downside Intraday Target 233.1

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
30 Mon Jan 2023 233.80 235.50 235.80 229.70 0.349 times
27 Fri Jan 2023 235.50 244.55 250.40 232.65 1.317 times
20 Fri Jan 2023 245.00 250.00 254.05 244.60 0.867 times
13 Fri Jan 2023 252.10 256.65 259.80 246.35 0.781 times
06 Fri Jan 2023 256.30 261.80 265.90 254.65 1.347 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
30 Mon Jan 2023 233.80 261.80 265.90 229.70 0.279 times
30 Fri Dec 2022 261.80 283.20 286.40 259.25 0.905 times
30 Wed Nov 2022 283.20 269.35 293.30 265.10 1.775 times
31 Mon Oct 2022 269.30 288.60 299.00 260.80 1.589 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 5, 39, 76 Sell
MACD -14, -12Sell
Stochastics 12Sell
CCI -146Sell
RSI 38Sell
OBV -561095Sell
VWAP 242Sell
ADL 0Sell
ROC -7Sell
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 below 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 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 241.51 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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