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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 2022-11-24 View latest technical analysis

10 day averaged volume of Biocon is 169677

Date Daily Closing Price Open High Low Volume
24 Thu Nov 2022 274.00 283.10 283.10 273.95 8.394 times
23 Wed Nov 2022 280.10 280.50 283.20 279.50 2.985 times
22 Tue Nov 2022 281.95 283.40 284.60 280.10 2.239 times
21 Mon Nov 2022 285.20 293.30 293.30 283.00 0.527 times
18 Fri Nov 2022 287.35 286.15 289.60 283.05 0.576 times
17 Thu Nov 2022 285.85 284.20 286.35 282.20 0.44 times
16 Wed Nov 2022 284.45 285.45 287.50 280.50 0.645 times
15 Tue Nov 2022 283.90 285.95 285.95 277.75 1.183 times
14 Mon Nov 2022 286.40 280.05 287.75 278.80 0.462 times
11 Fri Nov 2022 280.95 276.05 284.45 276.05 0.428 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 bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 272.9 as stoploss in an intra day buy trade for a target of 278.66. However, stock will show a bearish move below 272.9.

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 267.53
Downside Intraday Target 261.07
Upside Intraday Target 286.88
Upside Intraday Target 299.77
Upside Intraday Target 280.42

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
24 Thu Nov 2022 274.00 293.30 293.30 273.95 4.278 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
24 Thu Nov 2022 274.00 269.35 293.30 265.10 1.634 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Biocon (Biocon)

Indicator Name Indicator Value Indicator Signal
ADX 18, 19, 2 Sell
MACD -1, -1Sell
Stochastics 28Sell
CCI -168Sell
RSI 45Sell
OBV 485613Sell
VWAP 279Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Biocon in short term and the sell signal is strong.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and selling is picking up 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 278.58 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 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.

Click here for Biocon charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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