(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 2022-12-06 View latest technical analysis
10 day averaged volume of Biocon is 502885
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Dec 2022 | 273.30 | 279.95 | 280.30 | 272.65 | 3.234 times |
| 05 Mon Dec 2022 | 279.05 | 283.10 | 284.90 | 278.85 | 3.95 times |
| 02 Fri Dec 2022 | 283.70 | 284.05 | 285.25 | 282.00 | 0.085 times |
| 01 Thu Dec 2022 | 285.50 | 283.20 | 286.40 | 283.00 | 0.191 times |
| 30 Wed Nov 2022 | 283.20 | 284.20 | 286.95 | 280.55 | 0.255 times |
| 29 Tue Nov 2022 | 282.10 | 281.40 | 283.50 | 281.40 | 0.109 times |
| 28 Mon Nov 2022 | 281.30 | 280.35 | 284.50 | 280.00 | 0.722 times |
| 25 Fri Nov 2022 | 282.20 | 275.05 | 282.60 | 275.05 | 0.094 times |
| 24 Thu Nov 2022 | 274.00 | 283.10 | 283.10 | 273.95 | 2.832 times |
| 23 Wed Nov 2022 | 280.10 | 280.50 | 283.20 | 279.50 | 1.007 times |
Stock of Biocon (Biocon) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 273.2, for a target of 277.8 or 281.74
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 | 269 |
| Downside Intraday Target | 264.7 |
| Upside Intraday Target | 281.25 |
| Upside Intraday Target | 289.2 |
| Upside Intraday Target | 276.95 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Dec 2022 | 273.30 | 283.10 | 284.90 | 272.65 | 5.275 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 |
| 06 Tue Dec 2022 | 273.30 | 283.20 | 286.40 | 272.65 | 0.504 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 | 14, 26, 28 | Sell |
| MACD | -1, -1 | Sell |
| Stochastics | 31 | None |
| CCI | -170 | Sell |
| RSI | 45 | Sell |
| OBV | -5796001 | Sell |
| VWAP | 277 | Sell |
| ADL | 0 | Sell |
| ROC | -3 | Sell |
| Force Index | 0 | Sell |
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 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 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Biocon in short term and the sell signal is strong.
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 276.89 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 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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