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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 2024-03-22 View latest technical analysis

10 day averaged volume of Biocon is 5621371

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	252.20	250.20	254.70	248.45	0.994 times
21 Thu Mar 2024	248.70	248.50	252.30	247.55	0.63 times
20 Wed Mar 2024	246.85	246.50	249.55	244.55	0.616 times
19 Tue Mar 2024	245.75	250.80	252.40	245.05	0.714 times
18 Mon Mar 2024	250.65	252.80	254.55	247.75	0.835 times
15 Fri Mar 2024	251.65	262.00	262.60	250.25	1.792 times
14 Thu Mar 2024	267.40	252.50	273.45	249.90	1.086 times
13 Wed Mar 2024	252.85	271.00	273.45	250.40	1.259 times
12 Tue Mar 2024	270.35	279.30	281.65	270.00	0.646 times
11 Mon Mar 2024	279.20	284.00	286.20	278.10	0.813 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 253.7, but if it comes above 253.7, then a intra day buy could be more profitable.
If you take a sell trade below 253.7, then use 253.7 as stoploss and 238.5 as target. However if you take a buy trade in stock , then use 253.7 as stoploss and 266.4 as target.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	218.30
Downside Target	236.90
Downside Target	244.55
Downside Target	249.65
Upside Target	267.45
Upside Target	282.25
Upside Target	286.20
Upside Target	287.20
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	246.27
Downside Intraday Target	240.33
Upside Intraday Target	256.42
Upside Intraday Target	260.63
Downside Intraday Target	250.48

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	252.20	252.80	254.70	244.55	0.677 times
15 Fri Mar 2024	251.65	284.00	286.20	249.90	0.819 times
07 Thu Mar 2024	281.90	277.90	287.20	269.25	1.262 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

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
22 Fri Mar 2024	252.20	276.55	287.20	244.55	0.504 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 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 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 to mid 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 mid to longer 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.

ADX buy sell signal for Biocon stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Biocon in short term and the sell signal is strong.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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

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 256.31 and Biocon (BIOCON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.