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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 112346

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 233.40 242.95 242.95 230.30 0.468 times
02 Thu Feb 2023 239.15 238.05 241.60 236.75 1.132 times
01 Wed Feb 2023 239.75 236.10 243.80 236.10 1.899 times
31 Tue Jan 2023 235.10 234.95 236.00 232.45 0.865 times
30 Mon Jan 2023 233.80 235.50 235.80 229.70 1.422 times
27 Fri Jan 2023 235.50 236.05 239.95 232.65 2.303 times
25 Wed Jan 2023 235.30 245.55 246.00 234.40 0.824 times
24 Tue Jan 2023 245.90 248.60 250.40 245.45 0.495 times
23 Mon Jan 2023 248.40 244.55 249.50 244.55 0.454 times
20 Fri Jan 2023 245.00 247.90 250.30 244.60 0.384 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 237.8, but if it comes above 237.8, then a intra day buy could be more profitable.
If you take a sell trade below 237.8, then use 237.8 as stoploss and 228.4 as target. However if you take a buy trade in stock , then use 237.8 as stoploss and 245.73 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 229.70
Upside Target 243.80
Upside Target 259.25
Upside Target 259.80
Upside Target 260.80
Upside Target 265.10
Upside Target 265.90
Upside Target 286.40
Upside Target 293.30
Upside Target 299.00

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 227.47
Downside Intraday Target 221.53
Upside Intraday Target 241.57
Upside Intraday Target 249.73
Upside Intraday Target 235.63

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 233.40 235.50 243.80 229.70 1.42 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
03 Fri Feb 2023 233.40 236.10 243.80 230.30 0.199 times
31 Tue Jan 2023 235.10 261.80 265.90 229.70 0.294 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

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 13, 33, 43 Sell
MACD -14, -14Sell
Stochastics 37None
CCI -65Sell
RSI 41Sell
OBV -511544Sell
VWAP 238Sell
ADL 0Sell
ROC -6Sell
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 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 Strong and stock is gaining momentum.

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

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 getting stronger in this stock.

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 and selling is picking up 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 237.74 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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