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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 2024-09-19 View latest technical analysis

10 day averaged volume of Biocon is 9215104

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	361.50	365.00	369.00	351.00	0.689 times
18 Wed Sep 2024	363.65	375.00	375.75	360.00	0.75 times
17 Tue Sep 2024	375.85	393.60	395.80	374.30	1.135 times
16 Mon Sep 2024	391.20	382.50	394.85	380.30	0.861 times
13 Fri Sep 2024	378.95	378.45	383.80	372.45	0.603 times
12 Thu Sep 2024	376.60	389.10	393.85	374.85	0.958 times
11 Wed Sep 2024	385.30	390.20	394.90	382.50	1.268 times
10 Tue Sep 2024	386.60	382.00	389.80	378.25	1.028 times
09 Mon Sep 2024	377.60	373.15	379.65	366.15	0.694 times
06 Fri Sep 2024	373.70	383.70	385.90	369.05	0.763 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 357 as stoploss in an intra day buy trade for a target of 369.37. However, stock will show a bearish move below 357.

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
Upside Target	366.15
Upside Target	370.45
Upside Target	376.80
Upside Target	394.70
Upside Target	394.90
Upside Target	395.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	343.07
Downside Intraday Target	324.63
Upside Intraday Target	387.87
Upside Intraday Target	414.23
Upside Intraday Target	369.43

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	361.50	382.50	395.80	351.00	0.755 times
13 Fri Sep 2024	378.95	373.15	394.90	366.15	0.937 times
06 Fri Sep 2024	373.70	368.00	394.70	355.25	2.608 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

Price has moved down 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
19 Thu Sep 2024	361.50	368.00	395.80	351.00	1.465 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Biocon ( (BIOCON) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Biocon ( (BIOCON) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Biocon stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Biocon in short term but the sell signal is initial and weak.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Biocon in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 378.06 and Biocon (BIOCON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Biocon (BIOCON) stock. Volume based technical analysis of Biocon (BIOCON) stock is negative.

Biocon Stock has given negative 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.