(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 847257
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 295.10 | 301.70 | 308.00 | 292.55 | 0.831 times |
| 06 Mon May 2024 | 301.80 | 307.00 | 309.00 | 299.30 | 0.606 times |
| 03 Fri May 2024 | 305.20 | 314.40 | 314.65 | 299.50 | 0.947 times |
| 02 Thu May 2024 | 311.05 | 300.00 | 313.00 | 296.40 | 1.228 times |
| 30 Tue Apr 2024 | 298.60 | 307.30 | 307.30 | 297.25 | 0.289 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 300.4 as stoploss in an intra day sell trade for a target of 284.17. However, stock will show a bullish move above 300.4.
Share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Target | 244.40 |
| Downside Target | 249.50 |
| Downside Target | 260.00 |
| Downside Target | 267.75 |
| Downside Target | 275.45 |
| Downside Target | 283.25 |
| Upside Target | 296.40 |
| Upside Target | 307.00 |
| Upside Target | 309.00 |
| Upside Target | 313.35 |
| Upside Target | 314.60 |
| Upside Target | 314.65 |
Intraday share price targets for Biocon (Biocon)
| Target Type | Value |
| Downside Intraday Target | 288.77 |
| Downside Intraday Target | 282.43 |
| Upside Intraday Target | 305.22 |
| Upside Intraday Target | 315.33 |
| Upside Intraday Target | 298.88 |
Weekly technical analysis of Biocon (Biocon)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Tue May 2024 | 295.10 | 307.00 | 309.00 | 292.55 | 0.405 times |
| 03 Fri May 2024 | 305.20 | 310.75 | 314.65 | 296.40 | 0.651 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 |
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 |
| 07 Tue May 2024 | 295.10 | 300.00 | 314.65 | 292.55 | 0.324 times |
| 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 |
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 | 29, 13, 39 | Buy |
| MACD | 16, 14 | Buy |
| Stochastics | 71 | Buy |
| CCI | 0 | Sell |
| RSI | 57 | Buy |
| OBV | 2428977 | Sell |
| VWAP | 301 | Sell |
| ADL | 0 | Sell |
| ROC | 9 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Biocon ( (Biocon) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.
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 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 301.19 and Biocon (Biocon) stock is trading below this level. This means that stock is falling with high volumes. 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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