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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.

Showing technical analysis as on 2024-02-19 View latest technical analysis

10 day averaged volume of Biocon is 10184005

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	291.05	287.00	303.10	286.85	2.799 times
16 Fri Feb 2024	286.85	276.00	290.00	275.55	1.255 times
15 Thu Feb 2024	274.30	273.70	278.00	272.50	0.418 times
14 Wed Feb 2024	271.70	265.55	274.40	263.90	0.475 times
13 Tue Feb 2024	267.20	267.00	274.30	261.00	0.525 times
12 Mon Feb 2024	266.70	275.10	280.50	264.60	0.613 times
09 Fri Feb 2024	273.40	280.95	291.05	271.50	1.666 times
08 Thu Feb 2024	284.70	293.00	294.35	283.60	0.571 times
07 Wed Feb 2024	290.25	304.00	304.00	284.35	1.136 times
06 Tue Feb 2024	298.55	286.40	307.10	286.00	2.322 times

Stock of Biocon (BIOCON) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 285.4, but if it comes below 285.4, then a intra day sell could be more profitable.
If you take a sell trade below 285.4, then use 285.4 as stoploss and 274.11 as target. However if you take a buy trade in stock , then use 285.4 as stoploss and 298.9 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	280.80
Downside Target	286.85
Downside Target	290.00
Upside Target	294.50
Upside Target	303.10
Upside Target	307.10

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	284.23
Downside Intraday Target	277.42
Upside Intraday Target	300.48
Upside Intraday Target	309.92
Upside Intraday Target	293.67

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	291.05	287.00	303.10	286.85	0.852 times
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

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
19 Mon Feb 2024	291.05	268.30	307.10	261.00	0.891 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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 and selling is picking up 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 285.5 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.