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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 2024-03-06 View latest technical analysis

10 day averaged volume of Biocon is 6289979

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	274.50	280.00	280.85	269.25	0.965 times
05 Tue Mar 2024	279.95	278.95	282.70	277.00	0.878 times
04 Mon Mar 2024	278.90	277.90	287.20	275.70	2.826 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	0.789 times
29 Thu Feb 2024	276.50	272.65	277.60	267.45	0.897 times
28 Wed Feb 2024	271.05	276.00	281.50	270.10	1.002 times
27 Tue Feb 2024	275.70	273.40	282.00	273.30	1.401 times
26 Mon Feb 2024	272.95	274.80	275.95	269.10	0.698 times
23 Fri Feb 2024	273.05	272.00	275.00	270.10	0.757 times

My analysis of stock is bearish for shortterm, and stock might move down till 269.8 or till 262.8. Use a stoploss of 275.53 and if the stock hits stoploss, then it can shoot up till 281.29

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	266.77
Downside Intraday Target	259.03
Upside Intraday Target	284.72
Upside Intraday Target	294.93
Upside Intraday Target	276.98

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	274.50	277.90	287.20	269.25	0.965 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 down 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
06 Wed Mar 2024	274.50	276.55	287.20	269.25	0.181 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 down 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 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 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 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 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 275.93 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 positive

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