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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 2024-12-18 View latest technical analysis

10 day averaged volume of Biocon is 2345521

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	348.05	349.10	357.80	346.45	1.412 times
17 Tue Dec 2024	350.95	354.00	354.85	349.45	0.659 times
16 Mon Dec 2024	353.70	357.00	358.65	350.75	0.925 times
13 Fri Dec 2024	352.80	356.00	356.80	346.75	1.125 times
12 Thu Dec 2024	356.70	368.40	369.35	355.50	0.753 times
11 Wed Dec 2024	367.85	367.50	372.20	367.00	0.424 times
10 Tue Dec 2024	369.20	370.00	374.95	364.00	0.872 times
09 Mon Dec 2024	369.60	378.00	380.80	363.95	1.994 times
06 Fri Dec 2024	380.05	376.50	381.50	372.75	0.958 times
05 Thu Dec 2024	375.25	380.00	381.40	372.50	0.77 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 343.7 as stoploss in an intra day buy trade for a target of 359.22. However, stock will show a bearish move below 343.7.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	319.50
Downside Target	333.55
Downside Target	346.45
Upside Target	358.65
Upside Target	368.05
Upside Target	368.30
Upside Target	370.45
Upside Target	371.80
Upside Target	380.80
Upside Target	381.50
Upside Target	395.80

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	343.45
Downside Intraday Target	338.85
Upside Intraday Target	355.65
Upside Intraday Target	363.25
Upside Intraday Target	351.05

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	348.05	357.00	358.65	346.45	0.58 times
13 Fri Dec 2024	352.80	378.00	380.80	346.75	0.646 times
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

Price has moved down 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
18 Wed Dec 2024	348.05	375.00	381.50	346.45	0.49 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 down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Biocon ( (BIOCON) ) based on a short 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.

Price action analysis of Biocon ( (BIOCON) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Biocon ( (BIOCON) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Biocon stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Biocon in short term but the sell signal is initial and weak.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Biocon in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 362.24 and Biocon (BIOCON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Biocon (BIOCON) stock. Volume based technical analysis of Biocon (BIOCON) stock is negative.

Biocon Stock has given negative 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.