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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 2024-10-11 View latest technical analysis

10 day averaged volume of Biocon is 3450655

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	346.15	345.90	349.30	344.45	0.351 times
10 Thu Oct 2024	345.80	349.70	351.75	344.80	0.426 times
09 Wed Oct 2024	347.05	345.00	352.70	343.45	0.543 times
08 Tue Oct 2024	342.70	339.50	345.35	335.95	0.855 times
07 Mon Oct 2024	340.00	346.55	349.40	334.60	1.672 times
04 Fri Oct 2024	346.35	359.35	360.15	345.10	1.65 times
03 Thu Oct 2024	356.55	362.40	369.35	352.75	0.938 times
01 Tue Oct 2024	370.65	362.40	371.80	361.85	0.636 times
30 Mon Sep 2024	363.10	362.00	369.20	361.15	0.936 times
27 Fri Sep 2024	368.85	375.95	378.75	367.90	1.327 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 348.9, but if it comes above 348.9, then a intra day buy could be more profitable.
If you take a sell trade below 348.9, then use 348.9 as stoploss and 332.4 as target. However if you take a buy trade in stock , then use 348.9 as stoploss and 362.71 as target.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	269.55
Downside Target	320.40
Downside Target	334.60
Downside Target	345.10
Upside Target	363.60
Upside Target	371.80
Upside Target	376.80
Upside Target	381.80
Upside Target	394.90
Upside Target	395.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	336.27
Downside Intraday Target	326.38
Upside Intraday Target	354.37
Upside Intraday Target	362.58
Downside Intraday Target	344.48

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	346.15	346.55	352.70	334.60	0.925 times
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

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
11 Fri Oct 2024	346.15	362.40	371.80	334.60	0.166 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 352.45 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.