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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.

10 day averaged volume of Biocon is 4478861

Date Daily Closing Price Open High Low Volume
02 Tue Mar 2021 398.00 397.80 399.90 392.10 0.618 times
01 Mon Mar 2021 395.65 395.00 399.00 387.40 0.601 times
25 Thu Feb 2021 397.80 391.70 400.70 390.55 0.971 times
24 Wed Feb 2021 389.50 388.80 392.45 385.35 0.328 times
23 Tue Feb 2021 385.35 398.25 400.75 384.10 2.033 times
22 Mon Feb 2021 397.65 405.00 406.80 395.25 0.711 times
19 Fri Feb 2021 404.00 419.80 419.80 401.60 1.079 times
18 Thu Feb 2021 420.10 418.70 424.75 414.00 0.963 times
17 Wed Feb 2021 418.70 418.95 422.95 415.20 1.651 times
16 Tue Feb 2021 417.40 407.95 418.60 406.25 1.207 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 394.7 as stoploss in an intra day buy trade for a target of 403.92. However, stock will show a bearish move below 394.7.

Share price targets for Biocon (BIOCON)

Target Type Value
Downside Target 363.25
Downside Target 384.10
Downside Target 395.60
Upside Target 413.25
Upside Target 417.70
Upside Target 424.75
Upside Target 427.30
Upside Target 444.00
Upside Target 474.35
Upside Target 487.75

Intraday share price targets for Biocon (BIOCON)

Target Type Value
Downside Intraday Target 390.3
Downside Intraday Target 382.6
Upside Intraday Target 402.8
Upside Intraday Target 407.6
Downside Intraday Target 395.1

Weekly technical analysis of Biocon (BIOCON)

Date Weekly Closing Price Open High Low Volume
02 Tue Mar 2021 398.00 395.00 399.90 387.40 0.302 times
25 Thu Feb 2021 397.80 405.00 406.80 384.10 0.755 times
19 Fri Feb 2021 404.00 408.95 424.75 401.60 1.502 times
12 Fri Feb 2021 408.05 407.65 413.25 400.00 0.505 times
05 Fri Feb 2021 407.20 373.50 417.70 363.25 0.795 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
02 Tue Mar 2021 398.00 395.00 399.90 387.40 0.061 times
25 Thu Feb 2021 397.80 373.50 424.75 363.25 0.781 times
29 Fri Jan 2021 371.80 466.00 474.35 368.55 1.312 times
31 Thu Dec 2020 465.40 436.95 487.75 427.30 0.92 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 18, 27, 20 Sell
MACD -15, -15Buy
Stochastics 32None
CCI -40Buy
RSI 38Sell
OBV 17843585Sell
VWAP 403Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 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 403.41 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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