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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 2022-08-03 View latest technical analysis

10 day averaged volume of Biocon is 150996

Date Daily Closing Price Open High Low Volume
03 Wed Aug 2022 308.45 311.10 311.70 306.10 0.634 times
02 Tue Aug 2022 311.10 309.40 312.05 307.60 0.463 times
01 Mon Aug 2022 309.15 312.00 312.00 307.10 3.692 times
29 Fri Jul 2022 307.05 310.00 310.00 305.30 1.008 times
28 Thu Jul 2022 306.70 319.10 319.10 305.25 1.524 times
27 Wed Jul 2022 322.80 320.00 324.25 316.95 0.27 times
26 Tue Jul 2022 317.75 324.40 324.50 316.40 0.239 times
25 Mon Jul 2022 322.45 326.00 327.55 320.60 0.559 times
22 Fri Jul 2022 327.55 328.55 334.50 325.35 1.389 times
21 Thu Jul 2022 331.35 326.55 333.80 324.90 0.562 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 313.1, but if it comes above 313.1, then a intra day buy could be more profitable.
If you take a sell trade below 313.1, then use 313.1 as stoploss and 303 as target. However if you take a buy trade in stock , then use 313.1 as stoploss and 321.52 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 305.00
Upside Target 324.85
Upside Target 327.55
Upside Target 333.75
Upside Target 335.55
Upside Target 341.50
Upside Target 344.00
Upside Target 377.30
Upside Target 387.80

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 305.68
Downside Intraday Target 302.92
Upside Intraday Target 311.63
Upside Intraday Target 314.82
Upside Intraday Target 308.87

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
03 Wed Aug 2022 308.45 312.00 312.05 306.10 1.331 times
29 Fri Jul 2022 307.05 326.00 327.55 305.25 0.555 times
22 Fri Jul 2022 327.55 331.10 341.50 324.85 2.094 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

Price has moved up 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 Wed Aug 2022 308.45 312.00 312.05 306.10 0.273 times
29 Fri Jul 2022 307.05 311.00 341.50 305.00 0.884 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

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 15, 23, 22 Sell
MACD -8, -5Sell
Stochastics 14Sell
CCI -71Sell
RSI 40Sell
OBV 1476563Sell
VWAP 314Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

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 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

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 313.58 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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