(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 2023-02-03 View latest technical analysis
10 day averaged volume of Biocon is 112346
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Fri Feb 2023 | 233.40 | 242.95 | 242.95 | 230.30 | 0.468 times |
| 02 Thu Feb 2023 | 239.15 | 238.05 | 241.60 | 236.75 | 1.132 times |
| 01 Wed Feb 2023 | 239.75 | 236.10 | 243.80 | 236.10 | 1.899 times |
| 31 Tue Jan 2023 | 235.10 | 234.95 | 236.00 | 232.45 | 0.865 times |
| 30 Mon Jan 2023 | 233.80 | 235.50 | 235.80 | 229.70 | 1.422 times |
| 27 Fri Jan 2023 | 235.50 | 236.05 | 239.95 | 232.65 | 2.303 times |
| 25 Wed Jan 2023 | 235.30 | 245.55 | 246.00 | 234.40 | 0.824 times |
| 24 Tue Jan 2023 | 245.90 | 248.60 | 250.40 | 245.45 | 0.495 times |
| 23 Mon Jan 2023 | 248.40 | 244.55 | 249.50 | 244.55 | 0.454 times |
| 20 Fri Jan 2023 | 245.00 | 247.90 | 250.30 | 244.60 | 0.384 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 237.8, but if it comes above 237.8, then a intra day buy could be more profitable.
If you take a sell trade below 237.8, then use 237.8 as stoploss and 228.4 as target. However if you take a buy trade in stock , then use 237.8 as stoploss and 245.73 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 | 227.47 |
| Downside Intraday Target | 221.53 |
| Upside Intraday Target | 241.57 |
| Upside Intraday Target | 249.73 |
| Upside Intraday Target | 235.63 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Fri Feb 2023 | 233.40 | 235.50 | 243.80 | 229.70 | 1.42 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 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 |
| 03 Fri Feb 2023 | 233.40 | 236.10 | 243.80 | 230.30 | 0.199 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 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 | 13, 33, 43 | Sell |
| MACD | -14, -14 | Sell |
| Stochastics | 37 | None |
| CCI | -65 | Sell |
| RSI | 41 | Sell |
| OBV | -511544 | Sell |
| VWAP | 238 | Sell |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Biocon ( (Biocon) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
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 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 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 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
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Biocon is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 237.74 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.
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