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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 2022-09-30 View latest technical analysis

10 day averaged volume of Biocon is 123648

Date Daily Closing Price Open High Low Volume
30 Fri Sep 2022 290.85 285.05 292.40 285.05 0.943 times
29 Thu Sep 2022 286.90 286.00 288.65 284.30 0.562 times
28 Wed Sep 2022 284.05 278.05 287.00 277.10 0.839 times
27 Tue Sep 2022 280.15 277.00 281.10 273.65 0.525 times
26 Mon Sep 2022 276.00 284.85 284.85 275.40 1.04 times
23 Fri Sep 2022 284.10 288.35 292.60 283.05 0.997 times
22 Thu Sep 2022 289.50 289.40 290.60 285.55 0.574 times
21 Wed Sep 2022 289.40 296.30 298.40 289.00 0.6 times
20 Tue Sep 2022 298.30 290.10 301.00 290.10 0.996 times
19 Mon Sep 2022 290.05 291.40 293.05 286.10 3.354 times

My analysis of stock is bearish for shortterm, and stock might move down till 284.9 or till 275. Use a stoploss of 293.07 and if the stock hits stoploss, then it can shoot up till 301.29

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 273.65
Downside Target 283.05
Downside Target 290.20
Upside Target 309.00
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 278.87
Downside Intraday Target 266.88
Upside Intraday Target 297.62
Upside Intraday Target 304.38
Downside Intraday Target 285.63

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
30 Fri Sep 2022 290.85 284.85 292.40 273.65 0.599 times
23 Fri Sep 2022 284.10 291.40 301.00 283.05 1.51 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

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
30 Fri Sep 2022 290.85 303.00 309.00 273.65 0.979 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 23, 24, 1 Sell
MACD -12, -12Buy
Stochastics 46None
CCI 38Buy
RSI 43Sell
OBV -388507Sell
VWAP 288Buy
ADL 0Sell
ROC -0Sell
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 but selling is losing 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 287.72 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 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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