Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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.

Showing technical analysis as on 2024-02-16 View latest technical analysis

10 day averaged volume of Biocon is 9471946

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	286.85	276.00	290.00	275.55	1.349 times
15 Thu Feb 2024	274.30	273.70	278.00	272.50	0.45 times
14 Wed Feb 2024	271.70	265.55	274.40	263.90	0.511 times
13 Tue Feb 2024	267.20	267.00	274.30	261.00	0.565 times
12 Mon Feb 2024	266.70	275.10	280.50	264.60	0.659 times
09 Fri Feb 2024	273.40	280.95	291.05	271.50	1.791 times
08 Thu Feb 2024	284.70	293.00	294.35	283.60	0.614 times
07 Wed Feb 2024	290.25	304.00	304.00	284.35	1.221 times
06 Tue Feb 2024	298.55	286.40	307.10	286.00	2.497 times
05 Mon Feb 2024	284.65	275.95	289.50	275.35	1.095 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 284, but if it comes below 284, then a intra day sell could be more profitable.
If you take a sell trade below 284, then use 284 as stoploss and 273.36 as target. However if you take a buy trade in stock , then use 284 as stoploss and 296.7 as target.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	217.50
Downside Target	236.90
Downside Target	249.65
Downside Target	256.40
Downside Target	271.50
Downside Target	278.75
Downside Target	280.80
Upside Target	289.25
Upside Target	290.00
Upside Target	294.50
Upside Target	307.10

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	268.57
Downside Intraday Target	250.28
Upside Intraday Target	297.57
Upside Intraday Target	308.28
Downside Intraday Target	279.28

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	286.85	275.10	290.00	261.00	0.49 times
09 Fri Feb 2024	273.40	275.95	307.10	271.50	3.174 times
02 Fri Feb 2024	274.70	261.30	280.80	256.40	1.327 times
25 Thu Jan 2024	258.70	277.00	278.75	257.00	0.472 times
19 Fri Jan 2024	276.10	275.70	289.25	273.35	1.588 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
16 Fri Feb 2024	286.85	268.30	307.10	261.00	0.711 times
31 Wed Jan 2024	268.40	249.80	294.50	249.65	2.304 times
29 Fri Dec 2023	249.65	241.00	256.90	236.90	1.099 times
30 Thu Nov 2023	238.30	221.00	239.15	218.30	1.018 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining momentum.

MACD generated a SELL signal for Biocon in short term but the sell 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Biocon in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 283.85 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.