(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 2022-08-12 View latest technical analysis
10 day averaged volume of Biocon is 139778
|Date||Daily Closing Price||Open||High||Low||Volume|
|12 Fri Aug 2022||311.30||314.00||315.75||310.40||0.538 times|
|11 Thu Aug 2022||315.75||313.45||316.20||313.45||0.195 times|
|10 Wed Aug 2022||313.20||313.60||316.65||312.45||0.234 times|
|08 Mon Aug 2022||313.60||313.00||315.35||311.30||0.229 times|
|05 Fri Aug 2022||313.00||315.00||316.15||311.80||0.444 times|
|04 Thu Aug 2022||313.85||310.95||314.80||308.25||0.989 times|
|03 Wed Aug 2022||308.45||311.10||311.70||306.10||0.685 times|
|02 Tue Aug 2022||311.10||309.40||312.05||307.60||0.5 times|
|01 Mon Aug 2022||309.15||312.00||312.00||307.10||3.988 times|
|29 Fri Jul 2022||307.05||310.00||310.00||305.30||1.089 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 309.6 as stoploss in an intra day buy trade for a target of 318.19. However, stock will show a bearish move below 309.6.
Share price targets for Biocon (Biocon)
Intraday share price targets for Biocon (Biocon)
|Downside Intraday Target||308.92|
|Downside Intraday Target||306.53|
|Upside Intraday Target||315.17|
|Upside Intraday Target||319.03|
|Upside Intraday Target||312.78|
Weekly technical analysis of Biocon (Biocon)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|12 Fri Aug 2022||311.30||313.00||316.65||310.40||0.181 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 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|
|12 Fri Aug 2022||311.30||312.00||316.65||306.10||0.411 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||16, 21, 13||Sell|
Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 BUY signal for Biocon in short term but the buy signal is initial and weak.
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 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 but SELL signal is weak.
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 310.16 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