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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 2024-02-23 View latest technical analysis

10 day averaged volume of Biocon is 9939801

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	273.05	272.00	275.00	270.10	0.479 times
22 Thu Feb 2024	270.80	275.00	275.80	268.00	0.441 times
21 Wed Feb 2024	274.00	281.50	283.80	272.65	0.589 times
20 Tue Feb 2024	281.20	286.75	289.60	280.00	1.028 times
19 Mon Feb 2024	291.05	287.00	303.10	286.85	2.868 times
16 Fri Feb 2024	286.85	276.00	290.00	275.55	1.286 times
15 Thu Feb 2024	274.30	273.70	278.00	272.50	0.428 times
14 Wed Feb 2024	271.70	265.55	274.40	263.90	0.487 times
13 Tue Feb 2024	267.20	267.00	274.30	261.00	0.538 times
12 Mon Feb 2024	266.70	275.10	280.50	264.60	0.628 times

My analysis of stock is bearish for shortterm, and stock might move down till 265.9 or till 253.7. Use a stoploss of 276.08 and if the stock hits stoploss, then it can shoot up till 286.25

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	268.00
Upside Target	278.75
Upside Target	280.80
Upside 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	259.67
Downside Intraday Target	246.28
Upside Intraday Target	294.77
Upside Intraday Target	316.48
Upside Intraday Target	281.38

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	273.05	287.00	303.10	268.00	1.605 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 down 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
23 Fri Feb 2024	273.05	268.30	307.10	261.00	1.05 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Biocon ( (BIOCON) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Biocon ( (BIOCON) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak and stock is losing momentum.

MACD generated a SELL signal for Biocon in short term but the sell signal is initial and weak.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 281.04 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 has given negative 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.