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Stock analysis Biocon Limited BIOCON

More indepth analysis on MunafaSutra.com

Moving Averages for Biocon Limited

  • 5Day Average: 381.01
  • 12Day Average: 373.4
  • 20Day Average: 365.88
  • 50Day Average: 354.84
  • 100Day Average: 340.23
  • 150Day Average: 317.12
  • 200Day Average: 303.78

BIOCON Indicators & signals

Indicator MACD (12,26,9)

373.85, 365.18, 7.27
Indicator MACD is in positive zone

Indicator ADX (14)

18.39, 24.24, 16.71
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BIOCON Biocon Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Fri Sep 2024 378.95 372.45 to 383.80 0.62% 0.66 times
12 Thu Sep 2024 376.60 374.85 to 393.85 -2.26% 1.05 times
11 Wed Sep 2024 385.30 382.50 to 394.90 -0.34% 1.39 times
10 Tue Sep 2024 386.60 378.25 to 389.80 2.38% 1.13 times
09 Mon Sep 2024 377.60 366.15 to 379.65 1.04% 0.76 times
06 Fri Sep 2024 373.70 369.05 to 385.90 -2.39% 0.84 times
05 Thu Sep 2024 382.85 380.70 to 394.70 0.91% 2.13 times
04 Wed Sep 2024 379.40 355.25 to 383.20 4.84% 1.45 times
03 Tue Sep 2024 361.90 361.05 to 366.70 -0.41% 0.3 times
02 Mon Sep 2024 363.40 359.00 to 368.00 1.2% 0.61 times
30 Fri Aug 2024 359.10 355.55 to 362.95 1.03% 0.33 times
29 Thu Aug 2024 355.45 350.05 to 364.95 0% 0.63 times

Technical analysis forecast of Biocon Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Biocon Limited BIOCON at this time. Stock is rising and might rise more.

It appears as if Biocon Limited BIOCON gave a large move recently.

Stock of Biocon Limited (BIOCON) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Biocon Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 380.5 as stoploss in an intra day sell trade for a target of 368.26. However, stock will show a bullish move above 380.5.

More indepth analysis on MunafaSutra.com