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2021 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
16 Wed Jun 403.25 410.00 411.20 402.50 17.29 lakhs
15 Tue Jun 410.50 412.00 415.65 409.60 13.45 lakhs
14 Mon Jun 412.05 415.00 415.00 405.05 15.27 lakhs
11 Fri Jun 415.00 417.85 420.25 413.00 33.77 lakhs
10 Thu Jun 414.75 406.00 415.50 405.85 43.64 lakhs
BIOCON chart

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 405.2 as stoploss in an intra day sell trade for a target of 393.09. However, stock will show a bullish move above 405.2.

  • Daily Price action analysis of 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.

  • 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Intraday technical analysis of Biocon

Stock is trading at 402.85 as on 17 Thu Jun 11:50

Day open is at 402.00, day high is at 406.75, day low is at 400.55, and day volume is at 123.7 lakhs so far.

First 15 minute high low range is 400.55 - 404.95

First hour high low range is 400.55 - 406.75

Date Intraday Price Open High Low Volume
17 Thu Jun 11:50 402.85 402.00 406.75 400.55 698008
17 Thu Jun 11:45 403.10 402.00 406.75 400.55 690499
17 Thu Jun 11:40 403.05 402.00 406.75 400.55 683731
17 Thu Jun 11:35 403.30 402.00 406.75 400.55 676697
17 Thu Jun 11:30 402.60 402.00 406.75 400.55 605735
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: 402.75 or 404.8625
  • Upside target: 404.95
  • Downside target : 396.15
  • Second Upside target: 407.23
  • Second Downside target : 398.53

Biocon (BIOCON) weekly technical analysis

Date Weekly Close Open Range Volume
16 Wed Jun 403.25 415.00 402.50
415.65
45.999 lakhs
11 Fri Jun 415.00 384.50 383.25
420.25
275.005 lakhs
04 Fri Jun 384.90 384.00 382.20
391.45
118.821 lakhs
28 Fri May 382.15 382.65 380.00
386.45
113.099 lakhs
21 Fri May 382.50 393.65 381.65
393.65
88.659 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Weekly Price action analysis of Biocon based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Biocon (BIOCON) Monthly technical analysis

Date Monthly Close Open Range Volume
16 Wed Jun 403.25 390.70 382.85
420.25
405.282 lakhs
31 Mon May 388.20 380.95 370.15
393.65
555.444 lakhs
30 Fri Apr 379.65 409.20 378.20
424.40
848.404 lakhs
31 Wed Mar 408.90 395.00 385.60
413.40
670.077 lakhs
26 Fri Feb 390.20 373.50 363.25
424.75
948.944 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Monthly 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 Daily stock price targets

  • Upside daily target: 419.95
  • Downside daily target: 399.74

Biocon Weekly stock price targets

  • Upside weekly target: 436.13
  • Upside weekly target: 409.69
  • Downside weekly target: 389.9
  • Downside weekly target: 366.9

Biocon Monthly stock price targets

  • Upside monthly target: 506.8
  • Upside monthly target: 467.05
  • Upside monthly target: 440.8
  • Upside monthly target: 415.28
  • Downside monthly target: 393.05
  • Downside monthly target: 355.83
  • Downside monthly target: 317.28

Biocon (BIOCON) indicators technical analysis

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.

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

MACD generated a BUY signal for Biocon in short term and the buy signal is strong.

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 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 403.05 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.

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chart BIOCON