(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 2022-11-28 View latest technical analysis
10 day averaged volume of Biocon is 300811
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Mon Nov 2022 | 281.30 | 280.35 | 284.50 | 280.00 | 1.207 times |
| 25 Fri Nov 2022 | 282.20 | 275.05 | 282.60 | 275.05 | 0.157 times |
| 24 Thu Nov 2022 | 274.00 | 283.10 | 283.10 | 273.95 | 4.735 times |
| 23 Wed Nov 2022 | 280.10 | 280.50 | 283.20 | 279.50 | 1.683 times |
| 22 Tue Nov 2022 | 281.95 | 283.40 | 284.60 | 280.10 | 1.263 times |
| 21 Mon Nov 2022 | 285.20 | 293.30 | 293.30 | 283.00 | 0.297 times |
| 18 Fri Nov 2022 | 287.35 | 286.15 | 289.60 | 283.05 | 0.325 times |
| 17 Thu Nov 2022 | 285.85 | 284.20 | 286.35 | 282.20 | 0.248 times |
| 16 Wed Nov 2022 | 284.45 | 285.45 | 287.50 | 280.50 | 0.364 times |
| 15 Tue Nov 2022 | 283.90 | 285.95 | 285.95 | 277.75 | 0.667 times |
My analysis of stock is bullish for shortterm, and stock might move up till 285 or till 291.8. Use a stoploss of 279.4 and if this stock hits its stoploss, then it can fall down till 273.77
Share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Target | 260.80 |
| Downside Target | 272.20 |
| 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 | 279.37 |
| Downside Intraday Target | 277.43 |
| Upside Intraday Target | 283.87 |
| Upside Intraday Target | 286.43 |
| Upside Intraday Target | 281.93 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Mon Nov 2022 | 281.30 | 280.35 | 284.50 | 280.00 | 0.148 times |
| 25 Fri Nov 2022 | 282.20 | 293.30 | 293.30 | 273.95 | 4.362 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 |
Price has moved down 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 |
| 28 Mon Nov 2022 | 281.30 | 269.35 | 293.30 | 265.10 | 1.732 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 | 17, 16, 6 | Buy |
| MACD | -1, -1 | Buy |
| Stochastics | 27 | Sell |
| CCI | -23 | Buy |
| RSI | 51 | Buy |
| OBV | -478103 | Sell |
| VWAP | 279 | Buy |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Biocon ( (Biocon) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 Weak 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for Biocon in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 278.7 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 has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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