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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 2022-07-21 View latest technical analysis

10 day averaged volume of Biocon is 132530

Date Daily Closing Price Open High Low Volume
21 Thu Jul 2022 331.35 326.55 333.80 324.90 0.64 times
20 Wed Jul 2022 326.05 330.85 330.85 324.85 0.336 times
19 Tue Jul 2022 328.80 332.15 341.50 327.80 0.675 times
18 Mon Jul 2022 332.15 331.10 335.00 329.15 4.158 times
14 Thu Jul 2022 331.75 328.75 335.55 327.80 0.891 times
13 Wed Jul 2022 329.25 325.25 331.30 323.85 1.276 times
12 Tue Jul 2022 324.35 329.80 331.80 323.90 0.311 times
11 Mon Jul 2022 328.65 320.00 329.75 320.00 1.053 times
08 Fri Jul 2022 322.65 320.00 324.55 319.60 0.312 times
07 Thu Jul 2022 321.60 322.95 323.60 318.65 0.24 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 329.7, but if it comes below 329.7, then a intra day sell could be more profitable.
If you take a sell trade below 329.7, then use 329.7 as stoploss and 322.09 as target. However if you take a buy trade in stock , then use 329.7 as stoploss and 338.9 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 305.00
Downside Target 317.10
Upside Target 332.05
Upside Target 335.55
Upside Target 339.85
Upside Target 341.50
Upside Target 344.00
Upside Target 353.40
Upside Target 377.30
Upside Target 387.80

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 323.63
Downside Intraday Target 315.92
Upside Intraday Target 340.28
Upside Intraday Target 349.22
Upside Intraday Target 332.57

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
21 Thu Jul 2022 331.35 331.10 341.50 324.85 1.645 times
14 Thu Jul 2022 331.75 320.00 335.55 320.00 0.968 times
08 Fri Jul 2022 322.65 312.00 324.55 309.00 1.051 times
01 Fri Jul 2022 311.65 327.10 332.05 305.00 1.272 times
24 Fri Jun 2022 326.90 316.30 339.85 309.30 0.807 times

Price has moved down 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
21 Thu Jul 2022 331.35 311.00 341.50 305.00 0.633 times
30 Thu Jun 2022 307.95 336.90 344.00 307.00 1.137 times
31 Tue May 2022 334.20 361.75 377.30 317.10 0.773 times
29 Fri Apr 2022 368.45 336.40 387.80 333.75 1.088 times

Scroll below to view daily charts

Price has moved up 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 29, 12, 41 Buy
MACD 0, -2Buy
Stochastics 52None
CCI 47Buy
RSI 49Sell
OBV 1234585Sell
VWAP 330Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Biocon in short term and the buy 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 330.08 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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