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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 2024-04-04 View latest technical analysis

10 day averaged volume of Biocon is 4911871

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	270.25	274.40	274.85	269.20	0.376 times
03 Wed Apr 2024	272.60	271.95	274.95	269.75	0.644 times
02 Tue Apr 2024	270.05	270.00	272.50	268.45	0.671 times
01 Mon Apr 2024	269.70	265.50	272.65	265.50	0.704 times
28 Thu Mar 2024	264.15	260.00	266.75	259.20	1.577 times
27 Wed Mar 2024	256.60	256.95	263.25	255.85	1.543 times
26 Tue Mar 2024	257.70	254.20	258.95	251.00	1.48 times
22 Fri Mar 2024	252.20	250.20	254.70	248.45	1.137 times
21 Thu Mar 2024	248.70	248.50	252.30	247.55	0.721 times
20 Wed Mar 2024	246.85	246.50	249.55	244.55	0.705 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 274.7 as stoploss in an intra day sell trade for a target of 263.15. However, stock will show a bullish move above 274.7.

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	265.52
Downside Intraday Target	260.78
Upside Intraday Target	274.97
Upside Intraday Target	279.68
Downside Intraday Target	270.23

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	270.25	265.50	274.95	265.50	0.521 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
04 Thu Apr 2024	270.25	265.50	274.95	265.50	0.099 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

CCI has generated a SELL signal for Biocon in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling 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 259.7 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.