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2022 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
27 Thu Jan 359.40 372.45 374.15 357.00 24.04 lakhs
25 Tue Jan 374.30 370.00 377.30 365.80 38.78 lakhs
24 Mon Jan 372.80 377.10 379.85 367.90 44.07 lakhs
21 Fri Jan 377.10 364.00 382.50 356.00 99.5 lakhs
20 Thu Jan 364.20 366.00 367.90 361.50 15.13 lakhs
BIOCON chart

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 356.8 as stoploss in an intra day buy trade for a target of 363.3. However, stock will show a bearish move below 356.8.

  • Daily 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.

  • 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

Intraday technical analysis of Biocon

Stock is trading at 365.80 as on 28 Fri Jan 11:55

Day open is at 361.40, day high is at 367.30, day low is at 358.30, and day volume is at 160.33 lakhs so far.

First 15 minute high low range is 358.30 - 363.85

First hour high low range is 358.30 - 364.70

Date Intraday Price Open High Low Volume
28 Fri Jan 11:55 365.80 361.40 367.30 358.30 955666
28 Fri Jan 11:50 365.70 361.40 367.30 358.30 895499
28 Fri Jan 11:45 366.10 361.40 367.30 358.30 852802
28 Fri Jan 11:40 365.80 361.40 367.30 358.30 819753
28 Fri Jan 11:35 366.10 361.40 367.30 358.30 792869
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: 361.08 or 361.8875
  • Upside target: 363.85
  • Downside target : 352.75
  • Second Upside target: 366.78
  • Second Downside target : 349.63

Biocon (BIOCON) weekly technical analysis

Date Weekly Close Open Range Volume
27 Thu Jan 359.40 377.10 357.00
379.85
106.894 lakhs
21 Fri Jan 377.10 361.00 347.00
382.50
231.271 lakhs
14 Fri Jan 357.70 356.80 353.55
374.35
122.263 lakhs
07 Fri Jan 358.50 364.65 356.70
369.60
71.835 lakhs
31 Fri Dec 364.65 355.00 351.50
367.55
116.458 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
27 Thu Jan 359.40 364.65 347.00
382.50
532.263 lakhs
31 Fri Dec 364.65 362.20 343.05
387.90
714.019 lakhs
30 Tue Nov 360.40 351.50 342.50
377.60
534.088 lakhs
29 Fri Oct 351.10 362.00 314.80
370.60
550.338 lakhs
30 Thu Sep 362.70 360.00 350.05
394.15
587.224 lakhs
monthly BIOCON chart

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

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 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: 393.05
  • Upside daily target: 373.68
  • Downside daily target: 354.1

Biocon Weekly stock price targets

  • Upside weekly target: 397.55
  • Upside weekly target: 376.43
  • Downside weekly target: 358.08
  • Downside weekly target: 334.33

Biocon Monthly stock price targets

  • Upside monthly target: 431.05
  • Upside monthly target: 406.95
  • Upside monthly target: 386.55
  • Upside monthly target: 364.53
  • Downside monthly target: 337.83
  • Downside monthly target: 310.75

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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 368.33 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.

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chart BIOCON