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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 2022-11-29 View latest technical analysis

10 day averaged volume of Biocon is 329274

Date Daily Closing Price Open High Low Volume
29 Tue Nov 2022 282.10 281.40 283.50 281.40 0.166 times
28 Mon Nov 2022 281.30 280.35 284.50 280.00 1.102 times
25 Fri Nov 2022 282.20 275.05 282.60 275.05 0.143 times
24 Thu Nov 2022 274.00 283.10 283.10 273.95 4.325 times
23 Wed Nov 2022 280.10 280.50 283.20 279.50 1.538 times
22 Tue Nov 2022 281.95 283.40 284.60 280.10 1.154 times
21 Mon Nov 2022 285.20 293.30 293.30 283.00 0.272 times
18 Fri Nov 2022 287.35 286.15 289.60 283.05 0.297 times
17 Thu Nov 2022 285.85 284.20 286.35 282.20 0.227 times
16 Wed Nov 2022 284.45 285.45 287.50 280.50 0.333 times

My analysis of stock is bullish for shortterm, and stock might move up till 285.2 or till 291.4. Use a stoploss of 280.04 and if this stock hits its stoploss, then it can fall down till 274.89

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 279.9
Downside Intraday Target 277.7
Upside Intraday Target 284.4
Upside Intraday Target 286.7
Upside Intraday Target 282.2

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
29 Tue Nov 2022 282.10 280.35 284.50 280.00 0.171 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
29 Tue Nov 2022 282.10 269.35 293.30 265.10 1.745 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, 15, 6 Buy
MACD -1, -1Buy
Stochastics 41None
CCI -11Buy
RSI 49Sell
OBV -392230Sell
VWAP 278Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Biocon ( (Biocon) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 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 moving up

CCI has generated a buy signal for Biocon in short term but BUY signal is weak.

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 278.43 and Biocon (Biocon) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 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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Daily charts

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