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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 2024-09-02 View latest technical analysis

10 day averaged volume of Biocon is 3213794

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	363.40	368.00	368.00	359.00	1.604 times
30 Fri Aug 2024	359.10	355.55	362.95	355.55	0.852 times
29 Thu Aug 2024	355.45	364.00	364.95	350.05	1.641 times
28 Wed Aug 2024	356.70	355.00	363.75	353.75	2.065 times
27 Tue Aug 2024	352.75	353.50	356.25	351.85	0.361 times
26 Mon Aug 2024	353.25	352.00	355.75	352.00	0.42 times
23 Fri Aug 2024	351.60	358.00	358.00	350.85	0.408 times
22 Thu Aug 2024	356.50	357.40	359.05	353.70	0.737 times
21 Wed Aug 2024	355.00	346.65	356.45	345.55	1.104 times
20 Tue Aug 2024	346.75	346.50	350.90	343.30	1.337 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 367.6, for a target of 356.3 or 346.84

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	269.55
Downside Target	292.20
Downside Target	320.40
Downside Target	331.00
Downside Target	340.65
Downside Target	350.05
Downside Target	359.00
Downside Target	359.05
Upside Target	364.95
Upside Target	368.00
Upside Target	370.45
Upside Target	376.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	358.93
Downside Intraday Target	354.47
Upside Intraday Target	367.93
Upside Intraday Target	372.47
Upside Intraday Target	363.47

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	363.40	368.00	368.00	359.00	0.301 times
30 Fri Aug 2024	359.10	352.00	364.95	350.05	1.145 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

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
02 Mon Sep 2024	363.40	368.00	368.00	359.00	0.064 times
30 Fri Aug 2024	359.10	362.50	370.45	323.35	0.797 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

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 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 Strong 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 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 BUY signal in short term but buying 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 355.79 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 positive

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