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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 2024-03-04 View latest technical analysis

10 day averaged volume of Biocon is 5566841

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	278.90	277.90	287.20	275.70	3.194 times
02 Sat Mar 2024	276.95	275.50	279.50	274.35	0.06 times
01 Fri Mar 2024	273.90	276.55	282.25	272.50	0.892 times
29 Thu Feb 2024	276.50	272.65	277.60	267.45	1.014 times
28 Wed Feb 2024	271.05	276.00	281.50	270.10	1.132 times
27 Tue Feb 2024	275.70	273.40	282.00	273.30	1.583 times
26 Mon Feb 2024	272.95	274.80	275.95	269.10	0.788 times
23 Fri Feb 2024	273.05	272.00	275.00	270.10	0.856 times
22 Thu Feb 2024	270.80	275.00	275.80	268.00	0.788 times
21 Wed Feb 2024	274.00	281.50	283.80	272.65	1.051 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, and stock might move up till 283.4 or till 291.5. Use a stoploss of 276.56 and if this stock hits its stoploss, then it can fall down till 269.76

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	218.30
Downside Target	236.90
Downside Target	249.65
Downside Target	256.90
Downside Target	267.45
Upside Target	282.25
Upside Target	287.20
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	274
Downside Intraday Target	269.1
Upside Intraday Target	285.5
Upside Intraday Target	292.1
Upside Intraday Target	280.6

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	278.90	277.90	287.20	275.70	0.584 times
02 Sat Mar 2024	276.95	274.80	282.25	267.45	0.567 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

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
04 Mon Mar 2024	278.90	276.55	287.20	272.50	0.121 times
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

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 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 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 red color and prices are below the red 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

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 275.19 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 has given negative 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.