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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
23 Wed Sep 423.90 424.60 429.00 418.20 25.38 lakhs
22 Tue Sep 422.05 429.15 431.65 413.50 48.13 lakhs
21 Mon Sep 429.35 453.95 453.95 425.35 42.58 lakhs
18 Fri Sep 454.00 442.75 463.90 442.75 114.1 lakhs
17 Thu Sep 442.20 439.00 444.85 432.55 44.31 lakhs
BIOCON chart

My analysis of stock is bullish for shortterm, and stock might move up till 440 or till 462.1. Use a stoploss of 421.58 and if this stock hits its stoploss, then it can fall down till 403.14

  • Daily Price action analysis of BIOCON based on a short 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

  • 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Intraday technical analysis of Biocon

Stock is trading at 423.90 as on 23 Wed Sep 15:33

Day open is at 424.60, day high is at 429.00, day low is at 418.20, and day volume is at 1131 lakhs so far.

First 15 minute high low range is 421.10 - 427.75

First hour high low range is 421.10 - 427.75

Date Intraday Price Open High Low Volume
23 Wed Sep 15:33 423.90 424.60 429.00 418.20 2537390
23 Wed Sep 15:30 424.70 424.60 429.00 418.20 2537390
23 Wed Sep 15:25 423.90 424.60 429.00 418.20 2517396
23 Wed Sep 15:20 424.05 424.60 429.00 418.20 2482348
23 Wed Sep 15:15 423.75 424.60 429.00 418.20 2447367
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: 424.43 or 422.325
  • Upside target: 427.75
  • Downside target : 414.45
  • Second Upside target: 426.45
  • Second Downside target : 415.65

Biocon (BIOCON) weekly technical analysis

Date Weekly Close Open Range Volume
23 Wed Sep 423.90 453.95 413.50
453.95
116.095 lakhs
18 Fri Sep 454.00 435.30 426.35
463.90
348.578 lakhs
11 Fri Sep 433.10 420.95 409.70
439.65
260.712 lakhs
04 Fri Sep 420.95 393.80 372.25
434.40
562.917 lakhs
28 Fri Aug 391.55 395.95 385.50
397.00
154.59 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
23 Wed Sep 423.90 382.45 379.00
463.90
1217.952 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
30 Tue Jun 390.10 360.00 357.45
410.45
1431.355 lakhs
29 Fri May 354.70 352.00 320.70
366.90
2080.675 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: 469.53
  • Upside daily target: 446.28
  • Downside daily target: 422.33

Biocon Weekly stock price targets

  • Upside weekly target: 477.73
  • Upside weekly target: 452.04
  • Upside weekly target: 430.53
  • Downside weekly target: 409.13
  • Downside weekly target: 389.55

Biocon Monthly stock price targets

  • Upside monthly target: 486.35
  • Upside monthly target: 459.5
  • Upside monthly target: 432.68
  • Downside monthly target: 407.58
  • Downside monthly target: 384.86
  • Downside monthly target: 352.3
  • Downside monthly target: 314.18
  • Downside monthly target: 294.54
  • 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 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 SELL signal for Biocon in short term but the sell signal is initial and weak.

Biocon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 437.82 and Biocon BIOCON stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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