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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 2024-11-01 View latest technical analysis

10 day averaged volume of Biocon is 4010645

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	317.80	316.20	318.90	315.40	0.134 times
31 Thu Oct 2024	316.10	305.50	323.10	303.00	3.405 times
30 Wed Oct 2024	320.70	324.00	327.40	319.20	1.316 times
29 Tue Oct 2024	327.00	323.80	328.50	315.75	0.635 times
28 Mon Oct 2024	323.75	313.95	325.75	313.25	0.497 times
25 Fri Oct 2024	312.00	322.70	324.65	304.65	0.819 times
24 Thu Oct 2024	322.65	327.90	329.05	320.25	0.493 times
23 Wed Oct 2024	325.20	324.00	333.70	322.95	0.769 times
22 Tue Oct 2024	325.80	336.05	339.60	324.55	0.856 times
21 Mon Oct 2024	337.40	340.00	343.15	335.35	0.621 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 321.6, but if it comes above 321.6, then a intra day buy could be more profitable.
If you take a sell trade below 321.6, then use 321.6 as stoploss and 307 as target. However if you take a buy trade in stock , then use 321.6 as stoploss and 333.72 as target.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	315.40
Upside Target	343.15
Upside Target	351.00
Upside Target	352.70
Upside Target	353.40
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	304.37
Downside Intraday Target	290.93
Upside Intraday Target	329.87
Upside Intraday Target	341.93
Downside Intraday Target	316.43

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	317.80	313.95	328.50	303.00	1.683 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Biocon (BIOCON)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	317.80	316.20	318.90	315.40	0.008 times
31 Thu Oct 2024	316.10	362.40	371.80	303.00	0.483 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

Scroll below to view daily charts

Price has moved up 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 losing 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 getting stronger in this stock.

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 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 320.86 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.