(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 2023-02-06 View latest technical analysis
10 day averaged volume of Biocon is 115110
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Mon Feb 2023 | 241.15 | 233.40 | 244.75 | 231.80 | 2.118 times |
| 03 Fri Feb 2023 | 233.40 | 242.95 | 242.95 | 230.30 | 0.457 times |
| 02 Thu Feb 2023 | 239.15 | 238.05 | 241.60 | 236.75 | 1.105 times |
| 01 Wed Feb 2023 | 239.75 | 236.10 | 243.80 | 236.10 | 1.853 times |
| 31 Tue Jan 2023 | 235.10 | 234.95 | 236.00 | 232.45 | 0.845 times |
| 30 Mon Jan 2023 | 233.80 | 235.50 | 235.80 | 229.70 | 1.388 times |
| 27 Fri Jan 2023 | 235.50 | 236.05 | 239.95 | 232.65 | 2.247 times |
| 25 Wed Jan 2023 | 235.30 | 245.55 | 246.00 | 234.40 | 0.804 times |
| 24 Tue Jan 2023 | 245.90 | 248.60 | 250.40 | 245.45 | 0.483 times |
| 23 Mon Jan 2023 | 248.40 | 244.55 | 249.50 | 244.55 | 0.443 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 237.4 as stoploss in an intra day buy trade for a target of 244.97. However, stock will show a bearish move below 237.4.
Share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Target | 229.70 |
| Upside Target | 243.80 |
| Upside Target | 254.05 |
| 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 | 233.72 |
| Downside Intraday Target | 226.28 |
| Upside Intraday Target | 246.67 |
| Upside Intraday Target | 252.18 |
| Downside Intraday Target | 239.23 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Mon Feb 2023 | 241.15 | 233.40 | 244.75 | 231.80 | 0.375 times |
| 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 |
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 |
| 06 Mon Feb 2023 | 241.15 | 236.10 | 244.75 | 230.30 | 0.322 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 | 13, 27, 34 | Sell |
| MACD | -13, -14 | Buy |
| Stochastics | 39 | None |
| CCI | 3 | Buy |
| RSI | 46 | Sell |
| OBV | -60845 | Sell |
| VWAP | 238 | Buy |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 BUY signal for Biocon in short term but the buy signal is initial and weak.
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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Biocon in short term and BUY 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 238.12 and Biocon (Biocon) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
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 further forecast and predictions for tomorrow