(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, -0 | Buy |
| Stochastics | 50 | None |
| CCI | -33 | Sell |
| RSI | 47 | Sell |
| OBV | -4266288 | Sell |
| VWAP | 278 | 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 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.
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