(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 2023-02-02 View latest technical analysis
10 day averaged volume of Biocon is 103750
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Thu Feb 2023 | 239.15 | 238.05 | 241.60 | 236.75 | 1.226 times |
| 01 Wed Feb 2023 | 239.75 | 236.10 | 243.80 | 236.10 | 2.056 times |
| 31 Tue Jan 2023 | 235.10 | 234.95 | 236.00 | 232.45 | 0.937 times |
| 30 Mon Jan 2023 | 233.80 | 235.50 | 235.80 | 229.70 | 1.539 times |
| 27 Fri Jan 2023 | 235.50 | 236.05 | 239.95 | 232.65 | 2.494 times |
| 25 Wed Jan 2023 | 235.30 | 245.55 | 246.00 | 234.40 | 0.892 times |
| 24 Tue Jan 2023 | 245.90 | 248.60 | 250.40 | 245.45 | 0.536 times |
| 23 Mon Jan 2023 | 248.40 | 244.55 | 249.50 | 244.55 | 0.492 times |
| 20 Fri Jan 2023 | 245.00 | 247.90 | 250.30 | 244.60 | 0.416 times |
| 19 Thu Jan 2023 | 249.05 | 250.95 | 250.95 | 247.80 | 0.241 times |
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 239.1 as stoploss in an intra day buy trade for a target of 247.08. However, stock will show a bearish move below 239.1.
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 | 231.3 |
| Downside Intraday Target | 223.45 |
| Upside Intraday Target | 245.4 |
| Upside Intraday Target | 251.65 |
| Downside Intraday Target | 237.55 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Thu Feb 2023 | 239.15 | 235.50 | 243.80 | 229.70 | 1.305 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 |
| 02 Thu Feb 2023 | 239.15 | 236.10 | 243.80 | 236.10 | 0.172 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 | 16, 29, 27 | Sell |
| MACD | -14, -13 | Sell |
| Stochastics | 39 | None |
| CCI | -26 | Sell |
| RSI | 43 | Sell |
| OBV | -518074 | Sell |
| VWAP | 238 | 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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 but selling is losing 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 238.19 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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