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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 2022-09-15 View latest technical analysis

10 day averaged volume of Biocon is 117832

Date Daily Closing Price Open High Low Volume
15 Thu Sep 2022 299.40 303.05 306.85 297.10 0.895 times
14 Wed Sep 2022 305.40 301.00 309.00 300.30 0.991 times
13 Tue Sep 2022 303.20 303.45 305.00 302.50 0.503 times
12 Mon Sep 2022 303.45 301.60 307.95 301.60 1.605 times
09 Fri Sep 2022 302.20 299.95 304.70 299.95 1.087 times
08 Thu Sep 2022 300.25 303.05 304.70 298.90 0.441 times
07 Wed Sep 2022 302.15 292.40 303.10 292.00 0.822 times
06 Tue Sep 2022 292.25 295.00 295.20 290.25 0.756 times
05 Mon Sep 2022 292.75 294.50 295.60 290.75 1.406 times
02 Fri Sep 2022 295.60 301.25 304.25 294.00 1.631 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 298 as stoploss in an intra day buy trade for a target of 303.34. However, stock will show a bearish move below 298.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 290.25
Upside Target 309.00
Upside Target 309.70
Upside Target 310.30
Upside Target 317.10
Upside Target 320.00
Upside Target 341.50
Upside Target 344.00
Upside Target 377.30

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 294.67
Downside Intraday Target 289.93
Upside Intraday Target 306.57
Upside Intraday Target 313.73
Upside Intraday Target 301.83

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
15 Thu Sep 2022 299.40 301.60 309.00 297.10 0.885 times
09 Fri Sep 2022 302.20 294.50 304.70 290.25 1.118 times
02 Fri Sep 2022 295.60 305.95 310.30 294.00 0.442 times
26 Fri Aug 2022 306.70 307.00 309.70 303.10 3.241 times
19 Fri Aug 2022 308.15 311.30 320.00 307.65 1.985 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
15 Thu Sep 2022 299.40 303.00 309.00 290.25 0.477 times
30 Tue Aug 2022 309.65 312.00 320.00 298.70 1.016 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

Scroll below to view daily charts

Price has moved down 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 21, 20, 2 Buy
MACD -7, -8Buy
Stochastics 65None
CCI 21Sell
RSI 49Sell
OBV -1074277Sell
VWAP 299Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 BUY. 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.

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 tired and bears 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 but SELL signal is weak.

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 299.31 and Biocon (Biocon) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is 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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