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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 2024-03-05 View latest technical analysis

10 day averaged volume of Biocon is 6322830

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	279.95	278.95	282.70	277.00	0.874 times
04 Mon Mar 2024	278.90	277.90	287.20	275.70	2.812 times
02 Sat Mar 2024	276.95	275.50	279.50	274.35	0.053 times
01 Fri Mar 2024	273.90	276.55	282.25	272.50	0.785 times
29 Thu Feb 2024	276.50	272.65	277.60	267.45	0.893 times
28 Wed Feb 2024	271.05	276.00	281.50	270.10	0.997 times
27 Tue Feb 2024	275.70	273.40	282.00	273.30	1.394 times
26 Mon Feb 2024	272.95	274.80	275.95	269.10	0.694 times
23 Fri Feb 2024	273.05	272.00	275.00	270.10	0.753 times
22 Thu Feb 2024	270.80	275.00	275.80	268.00	0.694 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 282.1 as stoploss in an intra day sell trade for a target of 276.04. However, stock will show a bullish move above 282.1.

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	274.7
Downside Intraday Target	269.45
Upside Intraday Target	286.2
Upside Intraday Target	292.45
Upside Intraday Target	280.95

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	279.95	277.90	287.20	275.70	0.765 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
05 Tue Mar 2024	279.95	276.55	287.20	272.50	0.149 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Biocon in short term but SELL 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

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 275.71 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.