(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)
10 day averaged volume of Biocon is 9493540
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 305.85 | 305.25 | 311.25 | 303.65 | 1.3 times |
| 16 Thu May 2024 | 305.75 | 315.00 | 316.60 | 302.50 | 0.883 times |
| 15 Wed May 2024 | 311.90 | 314.00 | 321.20 | 309.10 | 1.767 times |
| 14 Tue May 2024 | 310.90 | 302.95 | 312.90 | 301.65 | 0.777 times |
| 13 Mon May 2024 | 301.65 | 303.95 | 306.25 | 293.45 | 0.667 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 311.3 as stoploss in an intra day sell trade for a target of 298.14. However, stock will show a bullish move above 311.3.
Share price targets for Biocon (BIOCON)
| Target Type | Value |
| Downside Target | 244.55 |
| Downside Target | 249.65 |
| Downside Target | 259.85 |
| Downside Target | 275.50 |
| Downside Target | 287.20 |
| Upside Target | 307.10 |
| Upside Target | 312.30 |
| Upside Target | 313.40 |
| Upside Target | 314.70 |
| Upside Target | 315.00 |
| Upside Target | 321.20 |
Intraday share price targets for Biocon (BIOCON)
| Target Type | Value |
| Downside Intraday Target | 292.47 |
| Downside Intraday Target | 279.08 |
| Upside Intraday Target | 320.22 |
| Upside Intraday Target | 334.58 |
| Upside Intraday Target | 306.83 |
Weekly technical analysis of Biocon (BIOCON)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 305.85 | 303.95 | 321.20 | 293.45 | 1.171 times |
| 10 Fri May 2024 | 304.00 | 307.45 | 312.30 | 292.20 | 0.913 times |
| 03 Fri May 2024 | 305.20 | 310.50 | 315.00 | 296.50 | 0.493 times |
| 26 Fri Apr 2024 | 306.40 | 264.40 | 313.40 | 262.15 | 4.307 times |
| 19 Fri Apr 2024 | 261.65 | 271.75 | 275.50 | 259.85 | 0.79 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 |
| 17 Fri May 2024 | 305.85 | 300.00 | 321.20 | 292.20 | 0.646 times |
| 30 Tue Apr 2024 | 298.55 | 265.50 | 314.70 | 259.85 | 1.556 times |
| 28 Thu Mar 2024 | 264.15 | 276.55 | 287.20 | 244.55 | 0.622 times |
| 29 Thu Feb 2024 | 276.50 | 268.30 | 307.10 | 261.00 | 1.209 times |
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 | 24, 12, 32 | Buy |
| MACD | 16, 16 | Sell |
| Stochastics | 54 | None |
| CCI | 37 | Sell |
| RSI | 54 | Buy |
| OBV | 99272189 | Sell |
| VWAP | 305 | Buy |
| ADL | 0 | Sell |
| ROC | 0 | Buy |
| 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 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 to mid 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 mid to longer 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.
ADX buy sell signal for Biocon stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Biocon in short term but the sell signal is initial and weak.
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. Bulls are getting tired and bears 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 SELL signal for Biocon in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 304.85 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 is giving positive returns over a short term period. Returns for a longer term period have been positive
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
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