(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 2022-11-17 View latest technical analysis
10 day averaged volume of Biocon is 243656
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Thu Nov 2022 | 285.85 | 284.20 | 286.35 | 282.20 | 0.307 times |
| 16 Wed Nov 2022 | 284.45 | 285.45 | 287.50 | 280.50 | 0.449 times |
| 15 Tue Nov 2022 | 283.90 | 285.95 | 285.95 | 277.75 | 0.824 times |
| 14 Mon Nov 2022 | 286.40 | 280.05 | 287.75 | 278.80 | 0.322 times |
| 11 Fri Nov 2022 | 280.95 | 276.05 | 284.45 | 276.05 | 0.298 times |
| 10 Thu Nov 2022 | 275.55 | 275.10 | 283.00 | 272.20 | 0.359 times |
| 09 Wed Nov 2022 | 278.75 | 278.25 | 282.85 | 277.00 | 0.246 times |
| 07 Mon Nov 2022 | 278.20 | 274.50 | 278.65 | 273.10 | 0.372 times |
| 04 Fri Nov 2022 | 274.10 | 280.00 | 281.80 | 273.10 | 0.396 times |
| 03 Thu Nov 2022 | 279.75 | 265.10 | 281.00 | 265.10 | 6.564 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 281.8, but if it comes below 281.8, then a intra day sell could be more profitable.
If you take a sell trade below 281.8, then use 281.8 as stoploss and 275.78 as target. However if you take a buy trade in stock , then use 281.8 as stoploss and 288.9 as target.
Share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Target | 260.80 |
| Downside Target | 284.45 |
| Upside Target | 287.75 |
| Upside Target | 298.70 |
| Upside Target | 299.00 |
| Upside Target | 305.00 |
| Upside Target | 309.00 |
| Upside Target | 320.00 |
| Upside Target | 341.50 |
Intraday share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Intraday Target | 279.82 |
| Downside Intraday Target | 273.78 |
| Upside Intraday Target | 289.82 |
| Upside Intraday Target | 293.78 |
| Downside Intraday Target | 283.78 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Thu Nov 2022 | 285.85 | 280.05 | 287.75 | 277.75 | 1.491 times |
| 11 Fri Nov 2022 | 280.95 | 274.50 | 284.45 | 272.20 | 0.063 times |
| 04 Fri Nov 2022 | 274.10 | 272.15 | 281.80 | 265.10 | 7.043 times |
| 28 Fri Oct 2022 | 272.65 | 271.60 | 277.10 | 267.25 | 1.976 times |
| 21 Fri Oct 2022 | 268.70 | 264.25 | 273.60 | 264.25 | 0.275 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 |
| 17 Thu Nov 2022 | 285.85 | 269.35 | 287.75 | 265.10 | 1.038 times |
| 31 Mon Oct 2022 | 269.30 | 288.60 | 299.00 | 260.80 | 1.589 times |
| 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 |
Scroll below to view daily charts
Price has moved up 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 | 18, 12, 23 | Buy |
| MACD | -1, -4 | Buy |
| Stochastics | 87 | Buy |
| CCI | 99 | Buy |
| RSI | 46 | Sell |
| OBV | 3092440 | Sell |
| VWAP | 280 | Buy |
| ADL | 0 | Sell |
| ROC | 6 | Buy |
| Force Index | 0 | Sell |
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 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 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 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 Strong 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 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 280.28 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 is giving positive 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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