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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 2022-11-17 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, -4Buy
Stochastics 87Buy
CCI 99Buy
RSI 46Sell
OBV 3092440Sell
VWAP 280Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

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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Daily charts

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Daily chart

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