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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
17 Fri Sep 377.40 390.00 394.15 370.15 184.98 lakhs
16 Thu Sep 376.75 357.50 379.00 355.85 55.31 lakhs
15 Wed Sep 357.50 356.70 360.00 355.00 12.08 lakhs
14 Tue Sep 355.70 355.00 356.40 353.00 11.74 lakhs
13 Mon Sep 353.60 354.00 355.00 350.05 13.03 lakhs
BIOCON chart

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 377.5, for a target of 365.6 or 355.73

  • Daily 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.

  • Daily Price action analysis of BIOCON based on a short to mid term time period is

  • 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 369.30 as on 20 Mon Sep 11:50

Day open is at 376.00, day high is at 376.00, day low is at 368.00, and day volume is at 282.28 lakhs so far.

First 15 minute high low range is 368.00 - 376.00

First hour high low range is 368.00 - 376.00

Date Intraday Price Open High Low Volume
20 Mon Sep 11:50 369.30 376.00 376.00 368.00 1222072
20 Mon Sep 11:45 369.75 376.00 376.00 368.00 1201564
20 Mon Sep 11:40 370.75 376.00 376.00 368.00 1159907
20 Mon Sep 11:35 371.80 376.00 376.00 368.00 1135247
20 Mon Sep 11:30 371.35 376.00 376.00 368.00 1128586
Intraday BIOCON chart

Prices of Biocon are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Biocon (BIOCON) intraday stock price targets

  • EntEntry: 372 or 377.9625
  • Upside target: 376
  • Downside target : 360
  • Second Upside target: 385.78
  • Second Downside target : 361.78

Biocon (BIOCON) weekly technical analysis

Date Weekly Close Open Range Volume
17 Fri Sep 377.40 354.00 350.05
394.15
277.131 lakhs
09 Thu Sep 352.75 363.80 350.10
366.25
47.039 lakhs
03 Fri Sep 363.50 349.00 347.55
365.70
108.601 lakhs
27 Fri Aug 346.70 359.30 327.55
362.35
184.193 lakhs
20 Fri Aug 357.35 371.75 353.90
373.70
63.832 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Weekly 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 (BIOCON) Monthly technical analysis

Date Monthly Close Open Range Volume
17 Fri Sep 377.40 360.00 350.05
394.15
382.664 lakhs
31 Tue Aug 358.85 387.30 327.55
392.45
428.586 lakhs
30 Fri Jul 386.35 404.50 376.70
414.40
599.798 lakhs
30 Wed Jun 404.45 390.70 382.85
420.25
603.21 lakhs
31 Mon May 388.20 380.95 370.15
393.65
555.444 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Monthly Price action analysis of Biocon based on a short to mid 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

Biocon Daily stock price targets

  • Upside daily target: 389.45
  • Downside daily target: 368.7
  • Downside daily target: 350.48

Biocon Weekly stock price targets

  • Upside weekly target: 424.95
  • Upside weekly target: 397.65
  • Upside weekly target: 378.43
  • Downside weekly target: 359.71
  • Downside weekly target: 341.04
  • Downside weekly target: 319.73

Biocon Monthly stock price targets

  • Upside monthly target: 506.8
  • Upside monthly target: 467.05
  • Upside monthly target: 438.23
  • Upside monthly target: 407.83
  • Upside monthly target: 386.41
  • Downside monthly target: 363.73
  • 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Biocon in short term but the buy signal is initial and weak.

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 BUY signal in short term but buying 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 371.25 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