(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 2022-09-16 View latest technical analysis
10 day averaged volume of Biocon is 119443
|Date||Daily Closing Price||Open||High||Low||Volume|
|16 Fri Sep 2022||291.10||299.00||303.50||290.20||0.532 times|
|15 Thu Sep 2022||299.40||303.05||306.85||297.10||0.883 times|
|14 Wed Sep 2022||305.40||301.00||309.00||300.30||0.978 times|
|13 Tue Sep 2022||303.20||303.45||305.00||302.50||0.496 times|
|12 Mon Sep 2022||303.45||301.60||307.95||301.60||1.583 times|
|09 Fri Sep 2022||302.20||299.95||304.70||299.95||1.072 times|
|08 Thu Sep 2022||300.25||303.05||304.70||298.90||0.435 times|
|07 Wed Sep 2022||302.15||292.40||303.10||292.00||0.811 times|
|06 Tue Sep 2022||292.25||295.00||295.20||290.25||0.746 times|
|05 Mon Sep 2022||292.75||294.50||295.60||290.75||1.387 times|
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 290.5, for a target of 296.8 or 302.15
Share price targets for Biocon (Biocon)
Intraday share price targets for Biocon (Biocon)
|Downside Intraday Target||284.53|
|Downside Intraday Target||277.97|
|Upside Intraday Target||303.33|
|Upside Intraday Target||315.57|
|Upside Intraday Target||296.77|
Weekly technical analysis of Biocon (Biocon)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|16 Fri Sep 2022||291.10||301.60||309.00||290.20||1.005 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|
|16 Fri Sep 2022||291.10||303.00||309.00||290.20||0.5 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||17, 26, 20||Sell|
Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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.
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 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 and SELL signal is strong!
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 299.49 and Biocon (Biocon) stock is trading below this level. This means that stock is falling with high volumes. 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 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.