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(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)

Biocon trades in NSE in Biotechnology sector.

10 day averaged volume of Biocon is 4659495

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	263.75	264.80	269.00	262.25	0.748 times
15 Mon Apr 2024	265.25	271.75	271.75	262.10	0.874 times
12 Fri Apr 2024	274.00	280.00	283.15	273.10	1.487 times
10 Wed Apr 2024	278.30	272.80	283.20	272.00	3.136 times
09 Tue Apr 2024	271.30	275.45	276.95	269.50	0.604 times
08 Mon Apr 2024	273.80	272.80	277.10	267.70	0.898 times
05 Fri Apr 2024	270.95	270.95	272.90	269.00	0.475 times
04 Thu Apr 2024	270.25	274.40	274.85	269.20	0.397 times
03 Wed Apr 2024	272.60	271.95	274.95	269.75	0.679 times
02 Tue Apr 2024	270.05	270.00	272.50	268.45	0.707 times

My analysis of stock is bullish for shortterm, and stock might move up till 272.9 or till 285.1. Use a stoploss of 262.71 and if this stock hits its stoploss, then it can fall down till 252.52

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	236.90
Downside Target	244.55
Downside Target	249.65
Upside Target	267.70
Upside Target	271.75
Upside Target	274.95
Upside Target	283.20
Upside Target	287.20
Upside Target	294.50
Upside Target	307.10

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	259.98
Downside Intraday Target	256.22
Upside Intraday Target	269.63
Upside Intraday Target	275.52
Upside Intraday Target	265.87

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	263.75	271.75	271.75	262.10	0.265 times
12 Fri Apr 2024	274.00	272.80	283.20	267.70	2.042 times
05 Fri Apr 2024	270.95	265.50	274.95	265.50	0.619 times
28 Thu Mar 2024	264.15	254.20	266.75	251.00	1.061 times
22 Fri Mar 2024	252.20	252.80	254.70	244.55	0.677 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
16 Tue Apr 2024	263.75	265.50	283.20	262.10	0.421 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
31 Wed Jan 2024	268.40	249.80	294.50	249.65	2.304 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)

Price action analysis of Biocon ( (BIOCON) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Biocon ( (BIOCON) ) based on a short to mid 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Biocon in short term and the buy signal is strong.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 272.97 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.