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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 5091508

Date Daily Closing Price Open High Low Volume
12 Fri Apr 2024 274.00 280.00 283.15 273.10 1.361 times
10 Wed Apr 2024 278.30 272.80 283.20 272.00 2.87 times
09 Tue Apr 2024 271.30 275.45 276.95 269.50 0.553 times
08 Mon Apr 2024 273.80 272.80 277.10 267.70 0.822 times
05 Fri Apr 2024 270.95 270.95 272.90 269.00 0.435 times
04 Thu Apr 2024 270.25 274.40 274.85 269.20 0.363 times
03 Wed Apr 2024 272.60 271.95 274.95 269.75 0.622 times
02 Tue Apr 2024 270.05 270.00 272.50 268.45 0.647 times
01 Mon Apr 2024 269.70 265.50 272.65 265.50 0.679 times
28 Thu Mar 2024 264.15 260.00 266.75 259.20 1.521 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 272.7, but if it comes below 272.7, then a intra day sell could be more profitable.
If you take a sell trade below 272.7, then use 272.7 as stoploss and 262.27 as target. However if you take a buy trade in stock , then use 272.7 as stoploss and 285.3 as target.

Share price targets for Biocon (BIOCON)

Target Type Value
Downside Target 236.90
Downside Target 244.55
Downside Target 249.65
Downside Target 267.70
Upside Target 274.95
Upside Target 283.20
Upside Target 286.20
Upside Target 287.20
Upside Target 294.50
Upside Target 307.10

Intraday share price targets for Biocon (BIOCON)

Target Type Value
Downside Intraday Target 266.73
Downside Intraday Target 259.47
Upside Intraday Target 282.23
Upside Intraday Target 290.47
Upside Intraday Target 274.97

Weekly technical analysis of Biocon (BIOCON)

Date Weekly Closing Price Open High Low Volume
12 Fri Apr 2024 274.00 272.80 283.20 267.70 2.042 times
05 Fri Apr 2024 270.95 265.50 274.95 265.50 0.619 times
28 Thu Mar 2024 264.15 254.20 266.75 251.00 1.061 times
22 Fri Mar 2024 252.20 252.80 254.70 244.55 0.677 times
15 Fri Mar 2024 251.65 284.00 286.20 249.90 0.819 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Biocon (BIOCON)

Date Monthly Closing Price Open High Low Volume
12 Fri Apr 2024 274.00 265.50 283.20 265.50 0.357 times
28 Thu Mar 2024 264.15 276.55 287.20 244.55 0.622 times
29 Thu Feb 2024 276.50 268.30 307.10 261.00 1.209 times
31 Wed Jan 2024 268.40 249.80 294.50 249.65 2.304 times

Scroll below to view daily charts

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)

Price action analysis of Biocon ( (BIOCON) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Biocon ( (BIOCON) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Biocon ( (BIOCON) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Biocon ( (BIOCON) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Biocon in short term and the buy signal is strong.

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

Biocon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

RSI is generating a SELL signal in short term but selling is losing 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 272.65 and Biocon (BIOCON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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

Biocon Stock is giving positive 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.

Price action analysis of Biocon ( (BIOCON) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Biocon ( (BIOCON) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Biocon ( (BIOCON) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Biocon ( (BIOCON) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Biocon in short term and the buy signal is strong.

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

Biocon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

RSI is generating a SELL signal in short term but selling is losing 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 272.65 and Biocon (BIOCON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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

Biocon Stock is giving positive 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.

Click here for Biocon charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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