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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 2022-12-05 View latest technical analysis

10 day averaged volume of Biocon is 313200

Date Daily Closing Price Open High Low Volume
05 Mon Dec 2022 279.05 283.10 284.90 278.85 6.342 times
02 Fri Dec 2022 283.70 284.05 285.25 282.00 0.136 times
01 Thu Dec 2022 285.50 283.20 286.40 283.00 0.307 times
30 Wed Nov 2022 283.20 284.20 286.95 280.55 0.41 times
29 Tue Nov 2022 282.10 281.40 283.50 281.40 0.174 times
28 Mon Nov 2022 281.30 280.35 284.50 280.00 1.159 times
25 Fri Nov 2022 282.20 275.05 282.60 275.05 0.151 times
24 Thu Nov 2022 274.00 283.10 283.10 273.95 4.547 times
23 Wed Nov 2022 280.10 280.50 283.20 279.50 1.617 times
22 Tue Nov 2022 281.95 283.40 284.60 280.10 1.213 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 278.5 as stoploss in an intra day buy trade for a target of 281.99. However, stock will show a bearish move below 278.5.

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 260.80
Downside Target 272.20
Upside Target 286.40
Upside Target 286.95
Upside Target 289.60
Upside Target 293.30
Upside Target 298.70
Upside Target 299.00
Upside Target 309.00
Upside Target 320.00

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 276.97
Downside Intraday Target 274.88
Upside Intraday Target 283.02
Upside Intraday Target 286.98
Upside Intraday Target 280.93

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
05 Mon Dec 2022 279.05 283.10 284.90 278.85 2.9 times
02 Fri Dec 2022 283.70 280.35 286.95 280.00 0.28 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

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
05 Mon Dec 2022 279.05 283.20 286.40 278.85 0.286 times
30 Wed Nov 2022 283.20 269.35 293.30 265.10 1.775 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

Scroll below to view daily charts

Price has moved down 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 16, 18, 3 Sell
MACD -0, -0Buy
Stochastics 50None
CCI -33Sell
RSI 47Sell
OBV -4266288Sell
VWAP 278Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 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 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 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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 278.44 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.

Click here for Biocon charts

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Daily charts

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