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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 2024-10-04 View latest technical analysis

10 day averaged volume of Biocon is 4075972

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	346.35	359.35	360.15	345.10	1.397 times
03 Thu Oct 2024	356.55	362.40	369.35	352.75	0.794 times
01 Tue Oct 2024	370.65	362.40	371.80	361.85	0.539 times
30 Mon Sep 2024	363.10	362.00	369.20	361.15	0.793 times
27 Fri Sep 2024	368.85	375.95	378.75	367.90	1.124 times
26 Thu Sep 2024	372.85	372.00	374.70	368.25	0.86 times
25 Wed Sep 2024	371.45	377.80	381.80	368.60	1.257 times
24 Tue Sep 2024	375.85	370.35	378.00	366.05	1.096 times
23 Mon Sep 2024	370.35	365.35	372.85	363.60	0.955 times
20 Fri Sep 2024	365.35	363.30	367.20	360.40	1.024 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 349.1, for a target of 361.4 or 371.62

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	269.55
Downside Target	320.40
Downside Target	345.10
Upside Target	363.60
Upside Target	371.80
Upside Target	376.80
Upside Target	381.80
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	337.03
Downside Intraday Target	327.72
Upside Intraday Target	363.73
Upside Intraday Target	381.12
Upside Intraday Target	354.42

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	346.35	362.00	371.80	345.10	0.665 times
27 Fri Sep 2024	368.85	365.35	381.80	363.60	0.602 times
20 Fri Sep 2024	365.35	382.50	395.80	351.00	0.854 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

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
04 Fri Oct 2024	346.35	362.40	371.80	345.10	0.076 times
30 Mon Sep 2024	363.10	368.00	395.80	351.00	1.823 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Biocon ( (BIOCON) ) based on a short to mid 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.

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 Strong 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 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 365.54 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 negative.

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