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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 2024-11-28 View latest technical analysis

10 day averaged volume of Biocon is 3311566

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	363.95	360.00	366.65	358.05	1.193 times
27 Wed Nov 2024	358.65	354.00	360.00	349.20	1.632 times
26 Tue Nov 2024	352.65	336.35	355.45	336.05	1.588 times
25 Mon Nov 2024	336.35	335.00	338.95	333.55	0.438 times
22 Fri Nov 2024	331.50	323.10	332.60	322.60	0.463 times
21 Thu Nov 2024	323.10	327.30	328.40	319.50	0.548 times
19 Tue Nov 2024	327.05	326.95	334.20	325.20	0.416 times
18 Mon Nov 2024	325.35	336.45	337.65	324.70	0.721 times
14 Thu Nov 2024	335.80	333.85	339.85	330.55	1.288 times
13 Wed Nov 2024	331.55	345.20	346.90	328.50	1.182 times

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 364.3, for a target of 346.6 or 331.78

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	319.50
Downside Target	337.65
Downside Target	351.00
Downside Target	353.55
Upside Target	366.65
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	342.78
Downside Intraday Target	321.62
Upside Intraday Target	375.88
Upside Intraday Target	387.82
Downside Intraday Target	354.72

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	363.95	335.00	366.65	333.55	2.258 times
22 Fri Nov 2024	331.50	336.45	337.65	319.50	0.198 times
14 Thu Nov 2024	335.80	329.00	353.55	326.00	2.331 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

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
28 Thu Nov 2024	363.95	316.20	366.65	306.10	1.056 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Biocon in short term and the buy signal is strong.

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 343.48 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.