(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.
10 day averaged volume of Biocon is 9273958
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Fri Mar 2023 | 198.70 | 207.00 | 207.00 | 196.65 | 0.745 times |
| 23 Thu Mar 2023 | 207.00 | 203.70 | 207.80 | 201.05 | 0.663 times |
| 22 Wed Mar 2023 | 203.70 | 201.15 | 204.20 | 200.00 | 0.537 times |
| 21 Tue Mar 2023 | 201.10 | 203.60 | 203.60 | 191.55 | 1.312 times |
| 20 Mon Mar 2023 | 201.75 | 206.00 | 209.95 | 198.80 | 1.378 times |
| 17 Fri Mar 2023 | 202.30 | 223.00 | 223.40 | 200.00 | 4.704 times |
| 16 Thu Mar 2023 | 221.85 | 222.00 | 225.65 | 221.00 | 0.286 times |
| 15 Wed Mar 2023 | 221.25 | 218.75 | 224.30 | 218.60 | 0.265 times |
| 14 Tue Mar 2023 | 217.80 | 218.15 | 220.35 | 216.15 | 0.183 times |
| 13 Mon Mar 2023 | 218.15 | 223.25 | 223.70 | 216.65 | 0.259 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 194.6, for a target of 207.2 or 217.62
Share price targets for Biocon (BIOCON)
| Target Type | Value |
| Downside Target | 191.55 |
| Upside Target | 200.00 |
| Upside Target | 209.95 |
| Upside Target | 217.35 |
| Upside Target | 232.70 |
| Upside Target | 233.70 |
| Upside Target | 245.50 |
| Upside Target | 259.10 |
| Upside Target | 265.95 |
| Upside Target | 267.20 |
| Upside Target | 286.50 |
| Upside Target | 295.00 |
Intraday share price targets for Biocon (BIOCON)
| Target Type | Value |
| Downside Intraday Target | 190.18 |
| Downside Intraday Target | 181.67 |
| Upside Intraday Target | 208.58 |
| Upside Intraday Target | 218.47 |
| Upside Intraday Target | 200.07 |
Weekly technical analysis of Biocon (BIOCON)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Fri Mar 2023 | 198.70 | 206.00 | 209.95 | 191.55 | 0.813 times |
| 17 Fri Mar 2023 | 202.30 | 223.25 | 225.65 | 200.00 | 3.333 times |
| 10 Fri Mar 2023 | 223.75 | 226.00 | 229.60 | 220.40 | 0.231 times |
| 03 Fri Mar 2023 | 225.55 | 226.30 | 232.70 | 221.35 | 3.548 times |
| 24 Fri Feb 2023 | 226.30 | 232.50 | 233.70 | 217.35 | 0.973 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 |
| 24 Fri Mar 2023 | 198.70 | 230.80 | 232.70 | 191.55 | 1.11 times |
| 28 Tue Feb 2023 | 229.15 | 237.00 | 245.50 | 217.35 | 3.003 times |
| 31 Tue Jan 2023 | 235.05 | 261.85 | 265.95 | 229.65 | 0.818 times |
| 30 Fri Dec 2022 | 261.85 | 284.80 | 286.50 | 259.10 | 0.87 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 12, 38, 53 | Sell |
| MACD | -17, -15 | Sell |
| Stochastics | 34 | None |
| CCI | -75 | Sell |
| RSI | 40 | Sell |
| OBV | -116086375 | Sell |
| VWAP | 204 | Sell |
| ADL | 0 | Sell |
| ROC | -11 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Biocon ( (BIOCON) ) based on a short 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.
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
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 and the sell signal is strong.
Biocon Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 203.89 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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