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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 2024-10-16 View latest technical analysis

10 day averaged volume of Biocon is 2769994

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	346.65	351.85	353.40	343.15	0.561 times
15 Tue Oct 2024	352.20	347.00	353.35	346.35	0.741 times
14 Mon Oct 2024	346.50	347.05	348.10	343.15	0.451 times
11 Fri Oct 2024	346.15	345.90	349.30	344.45	0.437 times
10 Thu Oct 2024	345.80	349.70	351.75	344.80	0.531 times
09 Wed Oct 2024	347.05	345.00	352.70	343.45	0.677 times
08 Tue Oct 2024	342.70	339.50	345.35	335.95	1.065 times
07 Mon Oct 2024	340.00	346.55	349.40	334.60	2.083 times
04 Fri Oct 2024	346.35	359.35	360.15	345.10	2.056 times
03 Thu Oct 2024	356.55	362.40	369.35	352.75	1.168 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 346.1 as stoploss in an intra day buy trade for a target of 357.68. However, stock will show a bearish move below 346.1.

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	342.07
Downside Intraday Target	337.48
Upside Intraday Target	352.32
Upside Intraday Target	357.98
Upside Intraday Target	347.73

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	346.65	347.05	353.40	343.15	0.366 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
16 Wed Oct 2024	346.65	362.40	371.80	334.60	0.199 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 but selling 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 346.3 and Biocon (BIOCON) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.