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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 2024-04-12 View latest technical analysis

10 day averaged volume of Biocon is 5091508

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	274.00	280.00	283.15	273.10	1.361 times
10 Wed Apr 2024	278.30	272.80	283.20	272.00	2.87 times
09 Tue Apr 2024	271.30	275.45	276.95	269.50	0.553 times
08 Mon Apr 2024	273.80	272.80	277.10	267.70	0.822 times
05 Fri Apr 2024	270.95	270.95	272.90	269.00	0.435 times
04 Thu Apr 2024	270.25	274.40	274.85	269.20	0.363 times
03 Wed Apr 2024	272.60	271.95	274.95	269.75	0.622 times
02 Tue Apr 2024	270.05	270.00	272.50	268.45	0.647 times
01 Mon Apr 2024	269.70	265.50	272.65	265.50	0.679 times
28 Thu Mar 2024	264.15	260.00	266.75	259.20	1.521 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 272.7, but if it comes below 272.7, then a intra day sell could be more profitable.
If you take a sell trade below 272.7, then use 272.7 as stoploss and 262.27 as target. However if you take a buy trade in stock , then use 272.7 as stoploss and 285.3 as target.

Share price targets for Biocon (BIOCON)

Target Type	Value
Downside Target	236.90
Downside Target	244.55
Downside Target	249.65
Downside Target	267.70
Upside Target	274.95
Upside Target	283.20
Upside Target	286.20
Upside Target	287.20
Upside Target	294.50
Upside Target	307.10

Intraday share price targets for Biocon (BIOCON)

Target Type	Value
Downside Intraday Target	266.73
Downside Intraday Target	259.47
Upside Intraday Target	282.23
Upside Intraday Target	290.47
Upside Intraday Target	274.97

Weekly technical analysis of Biocon (BIOCON)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	274.00	272.80	283.20	267.70	2.042 times
05 Fri Apr 2024	270.95	265.50	274.95	265.50	0.619 times
28 Thu Mar 2024	264.15	254.20	266.75	251.00	1.061 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Biocon (BIOCON)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	274.00	265.50	283.20	265.50	0.357 times
28 Thu Mar 2024	264.15	276.55	287.20	244.55	0.622 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

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 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 losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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 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 272.65 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 negative.

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