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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 2024-12-24 View latest technical analysis

10 day averaged volume of Biocon is 2109870

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	344.50	332.55	347.70	332.05	3.266 times
23 Mon Dec 2024	329.55	338.45	339.60	329.00	0.952 times
20 Fri Dec 2024	335.95	350.00	351.30	335.15	1.369 times
19 Thu Dec 2024	350.35	345.00	351.55	342.50	0.82 times
18 Wed Dec 2024	348.05	349.10	357.80	346.45	1.57 times
17 Tue Dec 2024	350.95	354.00	354.85	349.45	0.732 times
16 Mon Dec 2024	353.70	357.00	358.65	350.75	1.029 times
13 Fri Dec 2024	352.80	356.00	356.80	346.75	1.251 times
12 Thu Dec 2024	356.70	368.40	369.35	355.50	0.837 times
11 Wed Dec 2024	367.85	367.50	372.20	367.00	0.471 times

Stock of Biocon (BIOCON) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 346.1, but if it comes above 346.1, then a intra day buy could be more profitable.
If you take a sell trade below 346.1, then use 346.1 as stoploss and 329.3 as target. However if you take a buy trade in stock , then use 346.1 as stoploss and 360.06 as target.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	303.00
Downside Target	323.35
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	333.1
Downside Intraday Target	321.7
Upside Intraday Target	351.8
Upside Intraday Target	359.1
Downside Intraday Target	340.4

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	344.50	338.45	347.70	329.00	0.764 times
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

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
24 Tue Dec 2024	344.50	375.00	381.50	329.00	0.664 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

MACD generated a SELL signal for Biocon in short term and the sell signal is strong.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Biocon in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 346.96 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.