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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 2022-08-08 View latest technical analysis

10 day averaged volume of Biocon is 146685

Date Daily Closing Price Open High Low Volume
08 Mon Aug 2022 313.60 313.00 315.35 311.30 0.218 times
05 Fri Aug 2022 313.00 315.00 316.15 311.80 0.423 times
04 Thu Aug 2022 313.85 310.95 314.80 308.25 0.943 times
03 Wed Aug 2022 308.45 311.10 311.70 306.10 0.653 times
02 Tue Aug 2022 311.10 309.40 312.05 307.60 0.476 times
01 Mon Aug 2022 309.15 312.00 312.00 307.10 3.801 times
29 Fri Jul 2022 307.05 310.00 310.00 305.30 1.038 times
28 Thu Jul 2022 306.70 319.10 319.10 305.25 1.568 times
27 Wed Jul 2022 322.80 320.00 324.25 316.95 0.278 times
26 Tue Jul 2022 317.75 324.40 324.50 316.40 0.246 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 311.4 as stoploss in an intra day buy trade for a target of 320.29. However, stock will show a bearish move below 311.4.

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 311.48
Downside Intraday Target 309.37
Upside Intraday Target 315.53
Upside Intraday Target 317.47
Downside Intraday Target 313.42

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
08 Mon Aug 2022 313.60 313.00 315.35 311.30 0.035 times
05 Fri Aug 2022 313.00 312.00 316.15 306.10 1.699 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

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
08 Mon Aug 2022 313.60 312.00 316.15 306.10 0.36 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 17, 19, 5 Sell
MACD -7, -6Sell
Stochastics 36None
CCI 15Sell
RSI 41Sell
OBV 1201527Sell
VWAP 310Buy
ADL 0Sell
ROC -3Sell
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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is gaining momentum.

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 309.92 and Biocon (Biocon) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.

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Daily charts

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