Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-22 View latest technical analysis

10 day averaged volume of Biocon is 4334828

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	356.50	357.40	359.05	353.70	0.546 times
21 Wed Aug 2024	355.00	346.65	356.45	345.55	0.819 times
20 Tue Aug 2024	346.75	346.50	350.90	343.30	0.991 times
19 Mon Aug 2024	344.80	342.00	347.40	340.65	0.797 times
16 Fri Aug 2024	340.95	330.00	342.00	328.10	0.701 times
14 Wed Aug 2024	327.65	337.60	338.00	323.35	0.857 times
13 Tue Aug 2024	337.10	338.00	342.00	334.05	0.775 times
12 Mon Aug 2024	337.85	330.25	342.00	330.25	0.988 times
09 Fri Aug 2024	336.95	339.15	345.00	332.65	2.308 times
08 Thu Aug 2024	339.15	346.90	349.55	336.85	0.924 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 359.7 as stoploss in an intra day sell trade for a target of 348.47. However, stock will show a bullish move above 359.7.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	259.85
Downside Target	269.55
Downside Target	292.20
Downside Target	314.70
Downside Target	331.00
Downside Target	340.65
Downside Target	352.85
Downside Target	354.90
Upside Target	359.05
Upside Target	370.45
Upside Target	370.80
Upside Target	376.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	345.08
Downside Intraday Target	333.67
Upside Intraday Target	363.48
Upside Intraday Target	370.47
Downside Intraday Target	352.07

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	356.50	342.00	359.05	340.65	0.949 times
16 Fri Aug 2024	340.95	330.25	342.00	323.35	0.548 times
09 Fri Aug 2024	336.95	344.05	352.85	332.25	1.599 times
02 Fri Aug 2024	356.10	370.80	370.80	348.05	0.641 times
26 Fri Jul 2024	368.50	332.65	376.80	320.40	1.884 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
22 Thu Aug 2024	356.50	362.50	370.45	323.35	0.615 times
31 Wed Jul 2024	362.35	352.60	376.80	320.40	0.683 times
28 Fri Jun 2024	351.10	314.90	354.90	269.55	0.693 times
31 Fri May 2024	309.25	300.00	331.00	292.20	1.156 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 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 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.

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 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 341 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.