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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 2024-08-26 View latest technical analysis

10 day averaged volume of Biocon is 3937989

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	353.25	352.00	355.75	352.00	0.343 times
23 Fri Aug 2024	351.60	358.00	358.00	350.85	0.333 times
22 Thu Aug 2024	356.50	357.40	359.05	353.70	0.601 times
21 Wed Aug 2024	355.00	346.65	356.45	345.55	0.901 times
20 Tue Aug 2024	346.75	346.50	350.90	343.30	1.091 times
19 Mon Aug 2024	344.80	342.00	347.40	340.65	0.877 times
16 Fri Aug 2024	340.95	330.00	342.00	328.10	0.772 times
14 Wed Aug 2024	327.65	337.60	338.00	323.35	0.943 times
13 Tue Aug 2024	337.10	338.00	342.00	334.05	0.853 times
12 Mon Aug 2024	337.85	330.25	342.00	330.25	1.087 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 357 as stoploss in an intra day sell trade for a target of 347.19. However, stock will show a bullish move above 357.

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
Upside Target	354.90
Upside Target	355.75
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	351.58
Downside Intraday Target	349.92
Upside Intraday Target	355.33
Upside Intraday Target	357.42
Upside Intraday Target	353.67

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	353.25	352.00	355.75	352.00	0.09 times
23 Fri Aug 2024	351.60	342.00	359.05	340.65	1.041 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

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
26 Mon Aug 2024	353.25	362.50	370.45	323.35	0.641 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 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 SELL. Signal strength is Weak and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 343.55 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.