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2020 Biocon (BIOCON) technical analysis [forecast] stock price targets

Biocon technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Biocon deals in Biotechnology Biocon option chain analysis

Date Close Open High Low Volume
02 Thu Jul 391.95 388.45 397.45 388.40 28.77 lakhs
01 Wed Jul 388.45 390.40 393.75 384.50 27.28 lakhs
30 Tue Jun 390.10 400.00 401.20 388.35 32.11 lakhs
29 Mon Jun 397.75 401.60 408.35 394.60 40.04 lakhs
26 Fri Jun 401.80 406.00 410.45 399.30 68.25 lakhs
BIOCON chart

My analysis of stock is bullish for shortterm, and stock might move up till 396.6 or till 404.2. Use a stoploss of 390.32 and if this stock hits its stoploss, then it can fall down till 384

  • Daily Price action analysis of BIOCON based on a short 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

  • Daily Price action analysis of 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.

  • Daily Price action analysis of BIOCON based on a 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.

Intraday technical analysis of Biocon

Stock is trading at 391.95 as on 02 Thu Jul 15:33

Day open is at 388.45, day high is at 397.45, day low is at 388.40, and day volume is at 1118.88 lakhs so far.

First 15 minute high low range is 388.40 - 394.40

First hour high low range is 388.40 - 395.65

Date Intraday Price Open High Low Volume
02 Thu Jul 15:33 391.95 388.45 397.45 388.40 2872078
02 Thu Jul 15:30 391.95 388.45 397.45 388.40 2872078
02 Thu Jul 15:25 391.90 388.45 397.45 388.40 2744311
02 Thu Jul 15:20 391.90 388.45 397.45 388.40 2521354
02 Thu Jul 15:15 392.00 388.45 397.45 388.40 2373144
Intraday BIOCON chart

Trend of Biocon is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Biocon (BIOCON) intraday stock price targets

  • EntEntry: 391.4 or 393.8125
  • Upside target: 394.4
  • Downside target : 382.4
  • Second Upside target: 399.23
  • Second Downside target : 390.18

Biocon (BIOCON) weekly technical analysis

Date Weekly Close Open Range Volume
02 Thu Jul 391.95 401.60 384.50
408.35
128.2 lakhs
26 Fri Jun 401.80 385.85 383.00
410.45
279.949 lakhs
19 Fri Jun 381.25 390.00 378.05
404.60
305.54 lakhs
12 Fri Jun 384.80 393.00 378.00
396.25
279.489 lakhs
05 Fri Jun 389.60 360.00 357.45
400.50
494.227 lakhs
weekly BIOCON chart

Weekly forecast of Biocon is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of 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.

Weekly Price action analysis of 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.

Biocon (BIOCON) Monthly technical analysis

Date Monthly Close Open Range Volume
02 Thu Jul 391.95 390.40 384.50
397.45
56.05 lakhs
30 Tue Jun 390.10 360.00 357.45
410.45
1431.355 lakhs
29 Fri May 354.70 352.00 320.70
366.90
2080.675 lakhs
30 Thu Apr 353.95 277.95 274.40
367.80
1627.729 lakhs
31 Tue Mar 270.55 290.10 235.55
314.00
991.296 lakhs
monthly BIOCON chart

Monthly forecast of Biocon is positive. Buyers dominated the stock this month, and this trend might continue for a few days

Monthly Price action analysis of 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.

Monthly Price action analysis of 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.

Biocon Daily stock price targets

  • Upside daily target: 414.33
  • Upside daily target: 393.83
  • Downside daily target: 372.1

Biocon Weekly stock price targets

  • Upside weekly target: 419.85
  • Upside weekly target: 392.93
  • Downside weekly target: 373.85
  • Downside weekly target: 355.96
  • Downside weekly target: 337.65
  • Downside weekly target: 303.05

Biocon Monthly stock price targets

  • Upside monthly target: 426.78
  • Upside monthly target: 401.18
  • Downside monthly target: 373.78
  • Downside monthly target: 352.3
  • Downside monthly target: 314.18
  • Downside monthly target: 294.54
  • Downside monthly target: 275.6
  • Downside monthly target: 262.33
  • Downside monthly target: 248.1
  • Downside monthly target: 233.35
  • Downside monthly target: 213.83

Biocon (BIOCON) indicators technical analysis

Price action analysis of Biocon (BIOCON) based on a short 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

ADX buy sell signal for Biocon stock for short term is BUY. Signal strength is Weak and stock is gaining 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. Bears 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 buy signal for Biocon in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 393.73 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 positive

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

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chart BIOCON