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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 2024-11-29 View latest technical analysis

10 day averaged volume of Biocon is 3136049

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	365.15	361.40	368.30	361.35	0.741 times
28 Thu Nov 2024	363.95	360.00	366.65	358.05	1.26 times
27 Wed Nov 2024	358.65	354.00	360.00	349.20	1.724 times
26 Tue Nov 2024	352.65	336.35	355.45	336.05	1.677 times
25 Mon Nov 2024	336.35	335.00	338.95	333.55	0.462 times
22 Fri Nov 2024	331.50	323.10	332.60	322.60	0.489 times
21 Thu Nov 2024	323.10	327.30	328.40	319.50	0.579 times
19 Tue Nov 2024	327.05	326.95	334.20	325.20	0.439 times
18 Mon Nov 2024	325.35	336.45	337.65	324.70	0.762 times
14 Thu Nov 2024	335.80	333.85	339.85	330.55	1.36 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 369.7, for a target of 350.2 or 334

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	368.30
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	343.03
Downside Intraday Target	320.92
Upside Intraday Target	377.78
Upside Intraday Target	390.42
Downside Intraday Target	355.67

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	365.15	335.00	368.30	333.55	2.584 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
29 Fri Nov 2024	365.15	316.20	368.30	306.10	1.089 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 green color and prices are above the green 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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Biocon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 346.74 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.