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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.

Showing technical analysis as on 2024-04-03 View latest technical analysis

10 day averaged volume of Biocon is 5064774

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	272.60	271.95	274.95	269.75	0.625 times
02 Tue Apr 2024	270.05	270.00	272.50	268.45	0.651 times
01 Mon Apr 2024	269.70	265.50	272.65	265.50	0.683 times
28 Thu Mar 2024	264.15	260.00	266.75	259.20	1.529 times
27 Wed Mar 2024	256.60	256.95	263.25	255.85	1.496 times
26 Tue Mar 2024	257.70	254.20	258.95	251.00	1.436 times
22 Fri Mar 2024	252.20	250.20	254.70	248.45	1.103 times
21 Thu Mar 2024	248.70	248.50	252.30	247.55	0.7 times
20 Wed Mar 2024	246.85	246.50	249.55	244.55	0.684 times
19 Tue Mar 2024	245.75	250.80	252.40	245.05	0.793 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 275.6 as stoploss in an intra day sell trade for a target of 263.58. However, stock will show a bullish move above 275.6.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	236.90
Downside Target	244.55
Downside Target	249.65
Downside Target	269.25
Upside Target	274.95
Upside Target	286.20
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	267.08
Downside Intraday Target	261.57
Upside Intraday Target	276.53
Upside Intraday Target	280.47
Downside Intraday Target	271.02

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	272.60	265.50	274.95	265.50	0.439 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
15 Fri Mar 2024	251.65	284.00	286.20	249.90	0.819 times
07 Thu Mar 2024	281.90	277.90	287.20	269.25	1.262 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
03 Wed Apr 2024	272.60	265.50	274.95	265.50	0.083 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 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)

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 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 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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 258.16 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.