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 2024-12-06 View latest technical analysis

10 day averaged volume of Biocon is 3643682

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	380.05	376.50	381.50	372.75	0.616 times
05 Thu Dec 2024	375.25	380.00	381.40	372.50	0.496 times
04 Wed Dec 2024	379.70	373.90	381.00	369.10	0.979 times
03 Tue Dec 2024	373.85	374.45	377.20	372.80	0.475 times
02 Mon Dec 2024	375.35	375.00	380.00	368.05	2.583 times
29 Fri Nov 2024	365.15	361.40	368.30	361.35	0.638 times
28 Thu Nov 2024	363.95	360.00	366.65	358.05	1.085 times
27 Wed Nov 2024	358.65	354.00	360.00	349.20	1.483 times
26 Tue Nov 2024	352.65	336.35	355.45	336.05	1.443 times
25 Mon Nov 2024	336.35	335.00	338.95	333.55	0.398 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 369.5, but if it comes below 369.5, then a intra day sell could be more profitable.
If you take a sell trade below 369.5, then use 369.5 as stoploss and 349.04 as target. However if you take a buy trade in stock , then use 369.5 as stoploss and 394 as target.

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	381.50
Upside Target	395.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	371.57
Downside Intraday Target	363.08
Upside Intraday Target	385.02
Upside Intraday Target	389.98
Downside Intraday Target	376.53

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	380.05	375.00	381.50	368.05	1.02 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
06 Fri Dec 2024	380.05	375.00	381.50	368.05	0.242 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 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.

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 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 366.96 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.