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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 2024-11-12 View latest technical analysis

10 day averaged volume of Biocon is 5951914

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	347.50	348.70	353.55	345.85	0.959 times
11 Mon Nov 2024	348.70	329.00	350.80	326.00	3.708 times
08 Fri Nov 2024	321.30	329.00	331.90	319.60	0.541 times
07 Thu Nov 2024	328.00	323.90	329.50	322.15	0.624 times
06 Wed Nov 2024	322.85	318.05	324.80	315.70	0.367 times
05 Tue Nov 2024	315.70	310.90	316.90	309.25	0.392 times
04 Mon Nov 2024	310.90	317.50	317.50	306.10	0.669 times
01 Fri Nov 2024	317.80	316.20	318.90	315.40	0.09 times
31 Thu Oct 2024	316.10	305.50	323.10	303.00	2.294 times
30 Wed Oct 2024	320.70	324.00	327.40	319.20	0.887 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 338.9, but if it comes below 338.9, then a intra day sell could be more profitable.
If you take a sell trade below 338.9, then use 338.9 as stoploss and 327.45 as target. However if you take a buy trade in stock , then use 338.9 as stoploss and 352.7 as target.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	320.40
Downside Target	343.15
Upside Target	351.00
Upside Target	353.40
Upside Target	353.55
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	331.15
Downside Intraday Target	314.8
Upside Intraday Target	358.7
Upside Intraday Target	369.9
Downside Intraday Target	342.35

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	347.50	329.00	353.55	326.00	1.8 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, 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
12 Tue Nov 2024	347.50	316.20	353.55	306.10	0.615 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 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 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 gaining 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 tired and bears are picking up momentum.

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

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 331.7 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.