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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 2022-11-18 View latest technical analysis

10 day averaged volume of Biocon is 246998

Date Daily Closing Price Open High Low Volume
18 Fri Nov 2022 287.35 286.15 289.60 283.05 0.396 times
17 Thu Nov 2022 285.85 284.20 286.35 282.20 0.303 times
16 Wed Nov 2022 284.45 285.45 287.50 280.50 0.443 times
15 Tue Nov 2022 283.90 285.95 285.95 277.75 0.813 times
14 Mon Nov 2022 286.40 280.05 287.75 278.80 0.317 times
11 Fri Nov 2022 280.95 276.05 284.45 276.05 0.294 times
10 Thu Nov 2022 275.55 275.10 283.00 272.20 0.354 times
09 Wed Nov 2022 278.75 278.25 282.85 277.00 0.243 times
07 Mon Nov 2022 278.20 274.50 278.65 273.10 0.367 times
04 Fri Nov 2022 274.10 280.00 281.80 273.10 0.391 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 283, but if it comes below 283, then a intra day sell could be more profitable.
If you take a sell trade below 283, then use 283 as stoploss and 276.67 as target. However if you take a buy trade in stock , then use 283 as stoploss and 290.5 as target.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 260.80
Downside Target 284.45
Upside Target 289.60
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 280.2
Downside Intraday Target 273.05
Upside Intraday Target 292.05
Upside Intraday Target 296.75
Downside Intraday Target 284.9

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
18 Fri Nov 2022 287.35 280.05 289.60 277.75 1.805 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Biocon (Biocon)

Date Monthly Closing Price Open High Low Volume
18 Fri Nov 2022 287.35 269.35 289.60 265.10 1.061 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 21, 11, 34 Buy
MACD -0, -3Buy
Stochastics 88Buy
CCI 111Buy
RSI 44Sell
OBV 3095154Sell
VWAP 282Buy
ADL 0Sell
ROC 3Buy
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 gaining 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 stronger in this stock.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 281.86 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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