(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)
10 day averaged volume of Biocon is 664034
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 298.60 | 307.30 | 307.30 | 297.25 | 0.369 times |
| 29 Mon Apr 2024 | 306.00 | 310.75 | 314.60 | 301.00 | 1.386 times |
| 26 Fri Apr 2024 | 307.00 | 292.00 | 313.35 | 292.00 | 3.277 times |
| 25 Thu Apr 2024 | 291.70 | 292.00 | 293.50 | 288.00 | 0.359 times |
| 24 Wed Apr 2024 | 289.55 | 284.00 | 294.90 | 281.50 | 2.373 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 290.9, but if it comes below 290.9, then a intra day sell could be more profitable.
If you take a sell trade below 290.9, then use 290.9 as stoploss and 277.65 as target. However if you take a buy trade in stock , then use 290.9 as stoploss and 306.9 as target.
Share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Target | 236.80 |
| Downside Target | 244.40 |
| Downside Target | 249.50 |
| Downside Target | 257.65 |
| Downside Target | 274.80 |
| Downside Target | 283.25 |
| Downside Target | 287.25 |
| Downside Target | 294.65 |
| Downside Target | 297.25 |
| Upside Target | 307.00 |
| Upside Target | 313.35 |
| Upside Target | 314.60 |
Intraday share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Intraday Target | 292.37 |
| Downside Intraday Target | 286.13 |
| Upside Intraday Target | 309.72 |
| Upside Intraday Target | 320.83 |
| Upside Intraday Target | 303.48 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 298.60 | 310.75 | 314.60 | 297.25 | 0.252 times |
| 26 Fri Apr 2024 | 307.00 | 263.85 | 313.35 | 262.30 | 3.796 times |
| 19 Fri Apr 2024 | 261.70 | 265.60 | 275.45 | 260.00 | 0.893 times |
| 12 Fri Apr 2024 | 274.05 | 272.80 | 283.25 | 267.75 | 1.28 times |
| 05 Fri Apr 2024 | 270.70 | 267.10 | 274.80 | 266.00 | 0.541 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 |
| 30 Tue Apr 2024 | 298.60 | 267.10 | 314.60 | 260.00 | 1.494 times |
| 28 Thu Mar 2024 | 264.10 | 276.45 | 287.25 | 244.40 | 0.417 times |
| 29 Thu Feb 2024 | 276.50 | 268.50 | 307.00 | 261.00 | 1.701 times |
| 31 Wed Jan 2024 | 268.50 | 250.00 | 294.65 | 249.50 | 1.778 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 | 42, 12, 55 | Buy |
| MACD | 14, 9 | Buy |
| Stochastics | 81 | Buy |
| CCI | 78 | Sell |
| RSI | 55 | Buy |
| OBV | 5367885 | Sell |
| VWAP | 293 | Buy |
| ADL | 0 | Sell |
| ROC | 12 | Buy |
| Force Index | 0 | Sell |
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 BUY signal in short term but buying is losing 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 293.27 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for further forecast and predictions for tomorrow
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