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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 2024-12-20 View latest technical analysis

10 day averaged volume of Biocon is 2312454

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	335.95	350.00	351.30	335.15	1.249 times
19 Thu Dec 2024	350.35	345.00	351.55	342.50	0.748 times
18 Wed Dec 2024	348.05	349.10	357.80	346.45	1.432 times
17 Tue Dec 2024	350.95	354.00	354.85	349.45	0.668 times
16 Mon Dec 2024	353.70	357.00	358.65	350.75	0.939 times
13 Fri Dec 2024	352.80	356.00	356.80	346.75	1.141 times
12 Thu Dec 2024	356.70	368.40	369.35	355.50	0.764 times
11 Wed Dec 2024	367.85	367.50	372.20	367.00	0.43 times
10 Tue Dec 2024	369.20	370.00	374.95	364.00	0.884 times
09 Mon Dec 2024	369.60	378.00	380.80	363.95	2.022 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 332.4, for a target of 347.9 or 360.81

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	319.50
Downside Target	333.55
Upside Target	346.75
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	327.85
Downside Intraday Target	319.75
Upside Intraday Target	351.35
Upside Intraday Target	366.75
Upside Intraday Target	343.25

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	335.95	357.00	358.65	335.15	0.961 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
20 Fri Dec 2024	335.95	375.00	381.50	335.15	0.549 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 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 355.51 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.