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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 2022-08-16 View latest technical analysis

10 day averaged volume of Biocon is 124299

Date Daily Closing Price Open High Low Volume
16 Tue Aug 2022 317.20 311.30 318.20 311.15 1.011 times
12 Fri Aug 2022 311.30 314.00 315.75 310.40 0.605 times
11 Thu Aug 2022 315.75 313.45 316.20 313.45 0.22 times
10 Wed Aug 2022 313.20 313.60 316.65 312.45 0.264 times
08 Mon Aug 2022 313.60 313.00 315.35 311.30 0.257 times
05 Fri Aug 2022 313.00 315.00 316.15 311.80 0.499 times
04 Thu Aug 2022 313.85 310.95 314.80 308.25 1.113 times
03 Wed Aug 2022 308.45 311.10 311.70 306.10 0.771 times
02 Tue Aug 2022 311.10 309.40 312.05 307.60 0.562 times
01 Mon Aug 2022 309.15 312.00 312.00 307.10 4.485 times

My analysis of stock is bearish for shortterm, and stock might move down till 309.4 or till 299.8. Use a stoploss of 317.46 and if the stock hits stoploss, then it can shoot up till 325.49

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 305.00
Upside Target 318.20
Upside Target 324.85
Upside Target 327.55
Upside Target 333.75
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 312.83
Downside Intraday Target 308.47
Upside Intraday Target 319.88
Upside Intraday Target 322.57
Downside Intraday Target 315.52

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
16 Tue Aug 2022 317.20 311.30 318.20 311.15 0.751 times
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

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
16 Tue Aug 2022 317.20 312.00 318.20 306.10 0.459 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 18, 18, 1 Sell
MACD -5, -6Buy
Stochastics 73Buy
CCI 108Buy
RSI 45Sell
OBV 937702Sell
VWAP 311Buy
ADL 0Sell
ROC 3Buy
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 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 losing momentum.

MACD generated a BUY signal for Biocon in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Biocon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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

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 311.28 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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