Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-11 View latest technical analysis

10 day averaged volume of Biocon is 3944192

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	348.70	329.00	350.80	326.00	5.596 times
08 Fri Nov 2024	321.30	329.00	331.90	319.60	0.816 times
07 Thu Nov 2024	328.00	323.90	329.50	322.15	0.941 times
06 Wed Nov 2024	322.85	318.05	324.80	315.70	0.554 times
05 Tue Nov 2024	315.70	310.90	316.90	309.25	0.591 times
04 Mon Nov 2024	310.90	317.50	317.50	306.10	1.01 times
01 Fri Nov 2024	317.80	316.20	318.90	315.40	0.136 times
31 Thu Oct 2024	316.10	305.50	323.10	303.00	3.462 times
30 Wed Oct 2024	320.70	324.00	327.40	319.20	1.338 times
29 Tue Oct 2024	327.00	323.80	328.50	315.75	0.646 times

Stock of Biocon (BIOCON) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 353.9, for a target of 339.6 or 327.69

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	320.40
Downside Target	343.15
Upside Target	350.80
Upside Target	351.00
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	332.87
Downside Intraday Target	317.03
Upside Intraday Target	357.67
Upside Intraday Target	366.63
Downside Intraday Target	341.83

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	348.70	329.00	350.80	326.00	1.43 times
08 Fri Nov 2024	321.30	317.50	331.90	306.10	0.643 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

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
11 Mon Nov 2024	348.70	316.20	350.80	306.10	0.535 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 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 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 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 BUY. Signal strength is Weak 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 BUY signal in short term and the buying is gaining 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 329.99 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.