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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
24 Tue Nov 433.55 422.35 436.00 418.10 69.37 lakhs
23 Mon Nov 420.25 421.00 425.30 417.60 77.78 lakhs
20 Fri Nov 419.95 423.10 425.95 415.00 33.45 lakhs
19 Thu Nov 422.75 422.15 426.80 420.35 28.36 lakhs
18 Wed Nov 423.00 429.80 429.80 419.70 30.58 lakhs
BIOCON chart

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 427.1, but if it comes below 427.1, then a intra day sell could be more profitable.
If you take a sell trade below 427.1, then use 427.1 as stoploss and 417.06 as target. However if you take a buy trade in stock , then use 427.1 as stoploss and 439.2 as target.

  • Daily Price action analysis of 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.

  • Daily 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.

  • Daily Price action analysis of BIOCON based on a 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.

Intraday technical analysis of Biocon

Stock is trading at 422.20 as on 25 Wed Nov 14:10

Day open is at 440.00, day high is at 444.00, day low is at 421.10, and day volume is at 2170.55 lakhs so far.

First 15 minute high low range is 437.25 - 444.00

First hour high low range is 431.50 - 444.00

Date Intraday Price Open High Low Volume
25 Wed Nov 14:10 422.20 440.00 444.00 421.10 4834881
25 Wed Nov 14:05 423.00 440.00 444.00 421.10 4807495
25 Wed Nov 14:00 422.60 440.00 444.00 421.10 4765514
25 Wed Nov 13:55 423.30 440.00 444.00 421.10 4716087
25 Wed Nov 13:50 424.00 440.00 444.00 421.10 4696669
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: 440.63 or 430.9125
  • Upside target: 444
  • Downside target : 430.5
  • Second Upside target: 443.73
  • Second Downside target : 425.83

Biocon (BIOCON) weekly technical analysis

Date Weekly Close Open Range Volume
24 Tue Nov 433.55 421.00 417.60
436.00
147.145 lakhs
20 Fri Nov 419.95 436.00 415.00
438.35
131.187 lakhs
13 Fri Nov 433.45 430.00 398.05
435.40
265.736 lakhs
06 Fri Nov 414.80 403.60 395.60
416.90
159.196 lakhs
30 Fri Oct 403.60 419.00 389.75
419.75
246.718 lakhs
weekly BIOCON chart

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

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 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
24 Tue Nov 433.55 403.60 395.60
438.35
703.264 lakhs
30 Fri Oct 403.60 450.55 389.75
478.00
883.889 lakhs
30 Wed Sep 447.70 382.45 379.00
463.90
1496.74 lakhs
31 Mon Aug 376.15 411.80 372.25
418.80
878.075 lakhs
31 Fri Jul 409.60 390.40 384.50
446.95
1580.79 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 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: 443.73
  • Downside daily target: 421.55

Biocon Weekly stock price targets

  • Upside weekly target: 475.78
  • Upside weekly target: 453.1
  • Downside weekly target: 430.79
  • Downside weekly target: 405.8
  • Downside weekly target: 381.68

Biocon Monthly stock price targets

  • Upside monthly target: 498.25
  • Upside monthly target: 459.5
  • Downside monthly target: 426.78
  • Downside monthly target: 397.48
  • Downside monthly target: 373.78
  • Downside monthly target: 352.55
  • Downside monthly target: 314.18
  • Downside monthly target: 292.28
  • Downside monthly target: 263.91
  • Downside monthly target: 213.83

Biocon (BIOCON) indicators technical analysis

Price action analysis of Biocon (BIOCON) based on a short term time period is

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 425.2 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.

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chart BIOCON