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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
01 Mon Mar 395.65 395.00 399.00 387.40 26.92 lakhs
26 Fri Feb 390.20 393.95 401.85 387.00 51.98 lakhs
25 Thu Feb 397.80 391.70 400.70 390.55 43.5 lakhs
24 Wed Feb 389.50 388.80 392.45 385.35 14.71 lakhs
23 Tue Feb 385.35 398.25 400.75 384.10 91.03 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 393.9 as stoploss in an intra day buy trade for a target of 403.53. However, stock will show a bearish move below 393.9.

  • 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 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 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 396.55 as on 02 Tue Mar 10:45

Day open is at 397.80, day high is at 399.90, day low is at 394.00, and day volume is at 109.35 lakhs so far.

First 15 minute high low range is 394.00 - 398.35

First hour high low range is 394.00 - 398.45

Date Intraday Price Open High Low Volume
02 Tue Mar 10:45 396.55 397.80 399.90 394.00 1018070
02 Tue Mar 10:40 397.70 397.80 399.90 394.00 954964
02 Tue Mar 10:35 398.25 397.80 399.90 394.00 922295
02 Tue Mar 10:30 398.10 397.80 399.90 394.00 902233
02 Tue Mar 10:25 399.25 397.80 399.90 394.00 878438
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: 396.18 or 395.2625
  • Upside target: 398.35
  • Downside target : 389.65
  • Second Upside target: 403.13
  • Second Downside target : 391.53

Biocon (BIOCON) weekly technical analysis

Date Weekly Close Open Range Volume
01 Mon Mar 395.65 395.00 387.40
399.00
26.917 lakhs
26 Fri Feb 390.20 405.00 384.10
406.80
233.057 lakhs
19 Fri Feb 404.00 408.95 401.60
424.75
239.888 lakhs
12 Fri Feb 408.05 407.65 400.00
413.25
159.744 lakhs
05 Fri Feb 407.20 373.50 363.25
417.70
316.255 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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
01 Mon Mar 395.65 395.00 387.40
399.00
26.917 lakhs
26 Fri Feb 390.20 373.50 363.25
424.75
948.944 lakhs
29 Fri Jan 371.80 466.00 368.55
474.35
1148.045 lakhs
31 Thu Dec 465.40 436.95 427.30
487.75
875.346 lakhs
27 Fri Nov 429.35 403.60 395.60
444.00
951.743 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 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: 427.8
  • Upside daily target: 406.75
  • Downside daily target: 381.18

Biocon Weekly stock price targets

  • Upside weekly target: 471.63
  • Upside weekly target: 447.38
  • Upside weekly target: 417.28
  • Downside weekly target: 395.26
  • Downside weekly target: 375.8
  • Downside weekly target: 357.3

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: 395.26
  • Downside monthly target: 373.78
  • Downside monthly target: 352.55
  • 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Biocon stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Biocon in short term and the sell signal is strong.

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

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 SELL signal in short term but selling 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 402.29 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