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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 2024-10-14 View latest technical analysis

10 day averaged volume of Biocon is 3221120

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	346.50	347.05	348.10	343.15	0.388 times
11 Fri Oct 2024	346.15	345.90	349.30	344.45	0.376 times
10 Thu Oct 2024	345.80	349.70	351.75	344.80	0.456 times
09 Wed Oct 2024	347.05	345.00	352.70	343.45	0.582 times
08 Tue Oct 2024	342.70	339.50	345.35	335.95	0.916 times
07 Mon Oct 2024	340.00	346.55	349.40	334.60	1.791 times
04 Fri Oct 2024	346.35	359.35	360.15	345.10	1.768 times
03 Thu Oct 2024	356.55	362.40	369.35	352.75	1.004 times
01 Tue Oct 2024	370.65	362.40	371.80	361.85	0.681 times
30 Mon Sep 2024	363.10	362.00	369.20	361.15	1.003 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 347.4, but if it comes above 347.4, then a intra day buy could be more profitable.
If you take a sell trade below 347.4, then use 347.4 as stoploss and 331 as target. However if you take a buy trade in stock , then use 347.4 as stoploss and 361.09 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	343.15
Upside Target	363.60
Upside Target	370.45
Upside Target	371.80
Upside Target	376.80
Upside Target	381.80
Upside Target	395.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	343.73
Downside Intraday Target	340.97
Upside Intraday Target	348.68
Upside Intraday Target	350.87
Downside Intraday Target	345.92

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	346.50	347.05	348.10	343.15	0.094 times
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

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
14 Mon Oct 2024	346.50	362.40	371.80	334.60	0.174 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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong 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 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 349.59 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.