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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 2024-11-07 View latest technical analysis

10 day averaged volume of Biocon is 3777369

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	328.00	323.90	329.50	322.15	0.983 times
06 Wed Nov 2024	322.85	318.05	324.80	315.70	0.578 times
05 Tue Nov 2024	315.70	310.90	316.90	309.25	0.617 times
04 Mon Nov 2024	310.90	317.50	317.50	306.10	1.055 times
01 Fri Nov 2024	317.80	316.20	318.90	315.40	0.142 times
31 Thu Oct 2024	316.10	305.50	323.10	303.00	3.615 times
30 Wed Oct 2024	320.70	324.00	327.40	319.20	1.397 times
29 Tue Oct 2024	327.00	323.80	328.50	315.75	0.674 times
28 Mon Oct 2024	323.75	313.95	325.75	313.25	0.528 times
25 Fri Oct 2024	312.00	322.70	324.65	304.65	0.869 times

My analysis of stock is bearish for shortterm, and stock might move down till 316.5 or till 301.7. Use a stoploss of 328.82 and if the stock hits stoploss, then it can shoot up till 341.13

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	320.40
Upside Target	334.60
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	312.9
Downside Intraday Target	297.8
Upside Intraday Target	336.3
Upside Intraday Target	344.6
Downside Intraday Target	321.2

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	328.00	317.50	329.50	306.10	0.509 times
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

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
07 Thu Nov 2024	328.00	316.20	329.50	306.10	0.179 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 neutral. A longer time frame might give a better analysis.

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 BUY signal for Biocon in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Biocon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Biocon in short term and BUY 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 318.43 and Biocon (BIOCON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Biocon (BIOCON) stock. Volume based technical analysis of Biocon (BIOCON) stock is negative.

Biocon Stock is giving positive 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.