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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 2022-09-19 View latest technical analysis

10 day averaged volume of Biocon is 106577

Date Daily Closing Price Open High Low Volume
19 Mon Sep 2022 290.05 291.40 293.05 286.10 3.891 times
16 Fri Sep 2022 291.10 299.00 303.50 290.20 0.596 times
15 Thu Sep 2022 299.40 303.05 306.85 297.10 0.99 times
14 Wed Sep 2022 305.40 301.00 309.00 300.30 1.096 times
13 Tue Sep 2022 303.20 303.45 305.00 302.50 0.556 times
12 Mon Sep 2022 303.45 301.60 307.95 301.60 1.774 times
09 Fri Sep 2022 302.20 299.95 304.70 299.95 1.202 times
08 Thu Sep 2022 300.25 303.05 304.70 298.90 0.488 times
07 Wed Sep 2022 302.15 292.40 303.10 292.00 0.909 times
06 Tue Sep 2022 292.25 295.00 295.20 290.25 0.836 times

Stock of Biocon (Biocon) has showed a significant fall. This could be a good time to exit from this stock.

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 288.6, for a target of 295.5 or 301.24

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 286.10
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 286.42
Downside Intraday Target 282.78
Upside Intraday Target 293.37
Upside Intraday Target 296.68
Downside Intraday Target 289.73

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
19 Mon Sep 2022 290.05 291.40 293.05 286.10 0.777 times
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

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
19 Mon Sep 2022 290.05 303.00 309.00 286.10 0.654 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 16, 29, 30 Sell
MACD -9, -8Sell
Stochastics 24Sell
CCI -152Sell
RSI 47Sell
OBV -1555197Sell
VWAP 297Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Biocon in short term and the sell signal is strong.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 297.36 and Biocon (Biocon) stock is trading below this level. This means that stock is falling with high volumes. 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.

Click here for Biocon charts

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Daily charts

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Daily chart

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