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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 96536

Date Daily Closing Price Open High Low Volume
31 Tue Jan 2023 235.10 234.95 236.00 232.45 1.007 times
30 Mon Jan 2023 233.80 235.50 235.80 229.70 1.655 times
27 Fri Jan 2023 235.50 236.05 239.95 232.65 2.68 times
25 Wed Jan 2023 235.30 245.55 246.00 234.40 0.959 times
24 Tue Jan 2023 245.90 248.60 250.40 245.45 0.576 times
23 Mon Jan 2023 248.40 244.55 249.50 244.55 0.528 times
20 Fri Jan 2023 245.00 247.90 250.30 244.60 0.447 times
19 Thu Jan 2023 249.05 250.95 250.95 247.80 0.259 times
18 Wed Jan 2023 249.60 249.05 250.40 248.30 0.427 times
17 Tue Jan 2023 249.35 250.05 251.20 247.50 0.467 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 240.7, but if it comes above 240.7, then a intra day buy could be more profitable.
If you take a sell trade below 240.7, then use 240.7 as stoploss and 230.2 as target. However if you take a buy trade in stock , then use 240.7 as stoploss and 249.34 as target.

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 231.2
Downside Intraday Target 227.3
Upside Intraday Target 237.5
Upside Intraday Target 239.9
Downside Intraday Target 233.6

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
31 Tue Jan 2023 235.10 235.50 236.00 229.70 0.561 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
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
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, 37, 75 Sell
MACD -15, -13Sell
Stochastics 18Sell
CCI -95Buy
RSI 38Sell
OBV -509376Sell
VWAP 239Sell
ADL 0Sell
ROC -6Sell
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 losing 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 moving up

CCI has generated a buy signal for Biocon in short term but BUY signal is weak.

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 238.79 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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