(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 2023-02-01 View latest technical analysis
10 day averaged volume of Biocon is 86931
| Date | Daily Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 239.75 | 236.10 | 243.80 | 236.10 | 2.454 times |
| 31 Tue Jan 2023 | 235.10 | 234.95 | 236.00 | 232.45 | 1.118 times |
| 30 Mon Jan 2023 | 233.80 | 235.50 | 235.80 | 229.70 | 1.837 times |
| 27 Fri Jan 2023 | 235.50 | 236.05 | 239.95 | 232.65 | 2.976 times |
| 25 Wed Jan 2023 | 235.30 | 245.55 | 246.00 | 234.40 | 1.065 times |
| 24 Tue Jan 2023 | 245.90 | 248.60 | 250.40 | 245.45 | 0.64 times |
| 23 Mon Jan 2023 | 248.40 | 244.55 | 249.50 | 244.55 | 0.587 times |
| 20 Fri Jan 2023 | 245.00 | 247.90 | 250.30 | 244.60 | 0.496 times |
| 19 Thu Jan 2023 | 249.05 | 250.95 | 250.95 | 247.80 | 0.287 times |
| 18 Wed Jan 2023 | 249.60 | 249.05 | 250.40 | 248.30 | 0.474 times |
Stock of Biocon (Biocon) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 239.9, but if it comes above 239.9, then a intra day buy could be more profitable.
If you take a sell trade below 239.9, then use 239.9 as stoploss and 229.9 as target. However if you take a buy trade in stock , then use 239.9 as stoploss and 248.16 as target.
Share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Target | 229.70 |
| Upside Target | 243.80 |
| Upside Target | 259.25 |
| Upside Target | 259.80 |
| Upside Target | 260.80 |
| Upside Target | 265.10 |
| Upside Target | 265.90 |
| Upside Target | 286.40 |
| Upside Target | 293.30 |
| Upside Target | 299.00 |
Intraday share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Intraday Target | 231.7 |
| Downside Intraday Target | 223.65 |
| Upside Intraday Target | 245.8 |
| Upside Intraday Target | 251.85 |
| Downside Intraday Target | 237.75 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 01 Wed Feb 2023 | 239.75 | 235.50 | 243.80 | 229.70 | 1.027 times |
| 27 Fri Jan 2023 | 235.50 | 244.55 | 250.40 | 232.65 | 1.317 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 |
Price has moved up 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 |
| 01 Wed Feb 2023 | 239.75 | 236.10 | 243.80 | 236.10 | 0.108 times |
| 31 Tue Jan 2023 | 235.10 | 261.80 | 265.90 | 229.70 | 0.294 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 |
Scroll below to view daily charts
Price has moved up 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 | 18, 31, 27 | Sell |
| MACD | -14, -13 | Sell |
| Stochastics | 30 | Sell |
| CCI | -27 | Buy |
| RSI | 41 | Sell |
| OBV | -352882 | Sell |
| VWAP | 239 | Buy |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
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 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 losing momentum.
MACD generated a SELL signal for Biocon in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 but selling is losing 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 238.53 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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