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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 2024-12-04 View latest technical analysis

10 day averaged volume of Biocon is 3425693

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	379.70	373.90	381.00	369.10	1.041 times
03 Tue Dec 2024	373.85	374.45	377.20	372.80	0.505 times
02 Mon Dec 2024	375.35	375.00	380.00	368.05	2.748 times
29 Fri Nov 2024	365.15	361.40	368.30	361.35	0.678 times
28 Thu Nov 2024	363.95	360.00	366.65	358.05	1.154 times
27 Wed Nov 2024	358.65	354.00	360.00	349.20	1.578 times
26 Tue Nov 2024	352.65	336.35	355.45	336.05	1.535 times
25 Mon Nov 2024	336.35	335.00	338.95	333.55	0.423 times
22 Fri Nov 2024	331.50	323.10	332.60	322.60	0.448 times
21 Thu Nov 2024	323.10	327.30	328.40	319.50	0.53 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 386.7, for a target of 363 or 343.2

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	319.50
Downside Target	351.00
Downside Target	368.05
Downside Target	368.30
Downside Target	370.45
Downside Target	371.80
Upside Target	381.00
Upside Target	395.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	371.5
Downside Intraday Target	363.3
Upside Intraday Target	384.45
Upside Intraday Target	389.2
Downside Intraday Target	376.25

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	379.70	375.00	381.00	368.05	0.8 times
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

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
04 Wed Dec 2024	379.70	375.00	381.00	368.05	0.19 times
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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 362.07 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.