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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 2024-02-29 View latest technical analysis

10 day averaged volume of Biocon is 9027183

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	276.50	272.65	277.60	267.45	0.625 times
28 Wed Feb 2024	271.05	276.00	281.50	270.10	0.698 times
27 Tue Feb 2024	275.70	273.40	282.00	273.30	0.976 times
26 Mon Feb 2024	272.95	274.80	275.95	269.10	0.486 times
23 Fri Feb 2024	273.05	272.00	275.00	270.10	0.528 times
22 Thu Feb 2024	270.80	275.00	275.80	268.00	0.486 times
21 Wed Feb 2024	274.00	281.50	283.80	272.65	0.648 times
20 Tue Feb 2024	281.20	286.75	289.60	280.00	1.132 times
19 Mon Feb 2024	291.05	287.00	303.10	286.85	3.158 times
16 Fri Feb 2024	286.85	276.00	290.00	275.55	1.416 times

My analysis of stock is bearish for shortterm, and stock might move down till 269.5 or till 259.4. Use a stoploss of 277.97 and if the stock hits stoploss, then it can shoot up till 286.41

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	267.45
Upside Target	280.80
Upside Target	282.00
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	268.63
Downside Intraday Target	260.77
Upside Intraday Target	283.18
Upside Intraday Target	289.87
Downside Intraday Target	275.32

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	276.50	274.80	282.00	267.45	0.468 times
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

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
29 Thu Feb 2024	276.50	268.30	307.10	261.00	1.209 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 neutral. A longer time frame might give a better analysis.

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 neutral. A longer time frame might give a better analysis.

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 SELL. 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.

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 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 SELL signal for Biocon in short term and SELL 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

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 281.76 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.