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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 2024-10-28 View latest technical analysis

10 day averaged volume of Biocon is 2325328

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	323.75	313.95	325.75	313.25	0.858 times
25 Fri Oct 2024	312.00	322.70	324.65	304.65	1.412 times
24 Thu Oct 2024	322.65	327.90	329.05	320.25	0.851 times
23 Wed Oct 2024	325.20	324.00	333.70	322.95	1.326 times
22 Tue Oct 2024	325.80	336.05	339.60	324.55	1.476 times
21 Mon Oct 2024	337.40	340.00	343.15	335.35	1.071 times
18 Fri Oct 2024	339.95	337.45	342.55	332.50	1.017 times
17 Thu Oct 2024	339.05	348.40	348.45	337.65	0.76 times
16 Wed Oct 2024	346.65	351.85	353.40	343.15	0.668 times
15 Tue Oct 2024	352.20	347.00	353.35	346.35	0.882 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 327.5, but if it comes above 327.5, then a intra day buy could be more profitable.
If you take a sell trade below 327.5, then use 327.5 as stoploss and 310.8 as target. However if you take a buy trade in stock , then use 327.5 as stoploss and 341.48 as target.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	269.55
Downside Target	304.65
Downside Target	313.25
Downside Target	320.40
Upside Target	332.50
Upside Target	343.15
Upside Target	353.40
Upside Target	354.90
Upside Target	370.45
Upside Target	371.80
Upside Target	376.80
Upside Target	395.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	316.08
Downside Intraday Target	308.42
Upside Intraday Target	328.58
Upside Intraday Target	333.42
Downside Intraday Target	320.92

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	323.75	313.95	325.75	313.25	0.14 times
25 Fri Oct 2024	312.00	340.00	343.15	304.65	1.588 times
18 Fri Oct 2024	339.95	347.05	353.40	332.50	0.677 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

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
28 Mon Oct 2024	323.75	362.40	371.80	304.65	0.337 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 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 losing 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 buy signal for Biocon in short term but BUY signal is weak.

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 330.59 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.