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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 2022-09-16 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)

Target Type Value
Downside Target 290.20
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 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
MACD -8, -8Sell
Stochastics 45None
CCI -83Sell
RSI 45Sell
OBV -1176843Sell
VWAP 299Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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.

Click here for Biocon charts

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Daily charts

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Daily chart

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