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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 2022-08-17 View latest technical analysis

10 day averaged volume of Biocon is 121643

Date Daily Closing Price Open High Low Volume
17 Wed Aug 2022 317.30 320.00 320.00 316.15 0.321 times
16 Tue Aug 2022 317.20 311.30 318.20 311.15 1.033 times
12 Fri Aug 2022 311.30 314.00 315.75 310.40 0.619 times
11 Thu Aug 2022 315.75 313.45 316.20 313.45 0.225 times
10 Wed Aug 2022 313.20 313.60 316.65 312.45 0.269 times
08 Mon Aug 2022 313.60 313.00 315.35 311.30 0.263 times
05 Fri Aug 2022 313.00 315.00 316.15 311.80 0.51 times
04 Thu Aug 2022 313.85 310.95 314.80 308.25 1.137 times
03 Wed Aug 2022 308.45 311.10 311.70 306.10 0.787 times
02 Tue Aug 2022 311.10 309.40 312.05 307.60 0.574 times

My analysis of stock is bullish for shortterm, and stock might move up till 324 or till 332.7. Use a stoploss of 316.72 and if this stock hits its stoploss, then it can fall down till 309.43

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 305.00
Upside Target 320.00
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 312.3
Downside Intraday Target 307.3
Upside Intraday Target 321.15
Upside Intraday Target 325
Downside Intraday Target 316.15

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
17 Wed Aug 2022 317.30 311.30 320.00 311.15 0.985 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
17 Wed Aug 2022 317.30 312.00 320.00 306.10 0.474 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 20, 17, 7 Buy
MACD -5, -6Buy
Stochastics 75Buy
CCI 156Buy
RSI 42Sell
OBV 858636Sell
VWAP 313Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

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 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 BUY. 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.

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 and selling is picking up 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 313.31 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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