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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 2022-11-23 View latest technical analysis

10 day averaged volume of Biocon is 125040

Date Daily Closing Price Open High Low Volume
23 Wed Nov 2022 280.10 280.50 283.20 279.50 4.05 times
22 Tue Nov 2022 281.95 283.40 284.60 280.10 3.038 times
21 Mon Nov 2022 285.20 293.30 293.30 283.00 0.715 times
18 Fri Nov 2022 287.35 286.15 289.60 283.05 0.781 times
17 Thu Nov 2022 285.85 284.20 286.35 282.20 0.598 times
16 Wed Nov 2022 284.45 285.45 287.50 280.50 0.876 times
15 Tue Nov 2022 283.90 285.95 285.95 277.75 1.605 times
14 Mon Nov 2022 286.40 280.05 287.75 278.80 0.627 times
11 Fri Nov 2022 280.95 276.05 284.45 276.05 0.581 times
10 Thu Nov 2022 275.55 275.10 283.00 272.20 0.699 times

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

My analysis of stock is bullish for shortterm, and stock might move up till 284.4 or till 291.5. Use a stoploss of 278.56 and if this stock hits its stoploss, then it can fall down till 272.69

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 260.80
Upside Target 289.60
Upside Target 293.30
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 275.3
Downside Intraday Target 270.5
Upside Intraday Target 289.1
Upside Intraday Target 298.1
Upside Intraday Target 284.3

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
23 Wed Nov 2022 280.10 293.30 293.30 279.50 1.739 times
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

Price has moved down 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
23 Wed Nov 2022 280.10 269.35 293.30 265.10 1.294 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 20, 13, 24 Buy
MACD -0, -1Buy
Stochastics 48None
CCI -58Sell
RSI 47Sell
OBV 1925740Sell
VWAP 282Sell
ADL 0Sell
ROC 0Buy
Force Index 0Sell

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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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

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 282.28 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 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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