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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 2023-01-25 View latest technical analysis

10 day averaged volume of Biocon is 72667

Date Daily Closing Price Open High Low Volume
25 Wed Jan 2023 235.30 245.55 246.00 234.40 1.274 times
24 Tue Jan 2023 245.90 248.60 250.40 245.45 0.766 times
23 Mon Jan 2023 248.40 244.55 249.50 244.55 0.702 times
20 Fri Jan 2023 245.00 247.90 250.30 244.60 0.593 times
19 Thu Jan 2023 249.05 250.95 250.95 247.80 0.344 times
18 Wed Jan 2023 249.60 249.05 250.40 248.30 0.568 times
17 Tue Jan 2023 249.35 250.05 251.20 247.50 0.621 times
16 Mon Jan 2023 250.50 250.00 254.05 249.10 2.66 times
13 Fri Jan 2023 252.10 250.25 252.80 246.35 0.855 times
12 Thu Jan 2023 250.10 251.05 252.65 248.50 1.044 times

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 237.7, for a target of 246.3 or 253.42

Share price targets for Biocon (Biocon)

Target Type Value
Downside Target 234.40
Upside Target 244.60
Upside Target 265.10
Upside Target 265.90
Upside Target 270.30
Upside Target 273.65
Upside Target 286.40
Upside Target 293.30
Upside Target 299.00
Upside Target 309.00

Intraday share price targets for Biocon (Biocon)

Target Type Value
Downside Intraday Target 229.67
Downside Intraday Target 224.03
Upside Intraday Target 245.67
Upside Intraday Target 256.03
Upside Intraday Target 240.03

Weekly technical analysis of Biocon (Biocon)

Date Weekly Closing Price Open High Low Volume
25 Wed Jan 2023 235.30 244.55 250.40 234.40 0.573 times
20 Fri Jan 2023 245.00 250.00 254.05 244.60 0.867 times
13 Fri Jan 2023 252.10 256.65 259.80 246.35 0.781 times
06 Fri Jan 2023 256.30 261.80 265.90 254.65 1.347 times
30 Fri Dec 2022 261.80 267.15 270.30 260.35 0.643 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
25 Wed Jan 2023 235.30 261.80 265.90 234.40 0.217 times
30 Fri Dec 2022 261.80 283.20 286.40 259.25 0.905 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

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 7, 40, 71 Sell
MACD -13, -11Sell
Stochastics 13Sell
CCI -260Sell
RSI 39Sell
OBV -815225Sell
VWAP 247Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

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 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 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 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 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 below the red 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 247.49 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 negative.

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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Daily chart

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