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BIOCON NEWS why is Biocon Limited price falling or rising

BIOCON NEWS reasons for why stock price of Biocon Limited is falling or rising

BIOCON Biocon is falling or rising technical reasons

Technical analysis forecast for Biocon Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Biocon BIOCON at this time. Stock is falling and might fall more.

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

Stock of Biocon (BIOCON) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Biocon is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Biocon stays below 207.7, but if it comes above 207.7, then a intra day buy could be more profitable.
If you take a sell trade below 207.7, then use 207.7 as stoploss and 196.2 as target. However if you take a buy trade in Biocon, then use 207.7 as stoploss and 217.17 as target.

BIOCON Biocon is falling or rising NEWS fundamental reasons

Company Announcement Biocon Limited has informed the Exchange about Investor Meeting - NEWS as on 2023-03-22

Company Announcement Biocon Limited has informed the Exchange about Meetings conducted with Institutional Investors/Research Analysts. - NEWS as on 2023-02-27

Company Announcement Biocon Limited has informed the Exchange about Meetings conducted with Institutional Investors/Research Analysts - NEWS as on 2023-02-23

Company Announcement Biocon Limited has informed the Exchange regarding 'Transcript of Earnings Call Q3 FY23'. - NEWS as on 2023-02-22

More announcements and NEWS

BIOCON Biocon Limited current price & indicator signals

Moving Averages for Biocon Limited

  • 5Day Average: 203.17
  • 12Day Average: 213.84
  • 20Day Average: 218.69
  • 50Day Average: 231.78
  • 100Day Average: 252.33
  • 150Day Average: 264.42
  • 200Day Average: 278.47

BIOCON Indicators & signals

Indicator MACD (12,26,9)

212.14, 220.32, -6.99
Indicator MACD is in negative zone

Indicator ADX (14)

45.16, 13.62, 36.05
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
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
23 Thu Mar 2023 207.00 201.05 to 207.80 1.62% 0.68 times
22 Wed Mar 2023 203.70 200.00 to 204.20 1.29% 0.55 times
21 Tue Mar 2023 201.10 191.55 to 203.60 -0.32% 1.34 times
20 Mon Mar 2023 201.75 198.80 to 209.95 -0.27% 1.41 times
17 Fri Mar 2023 202.30 200.00 to 223.40 -8.81% 4.82 times
16 Thu Mar 2023 221.85 221.00 to 225.65 0.27% 0.29 times
15 Wed Mar 2023 221.25 218.60 to 224.30 1.58% 0.27 times
14 Tue Mar 2023 217.80 216.15 to 220.35 -0.16% 0.19 times
13 Mon Mar 2023 218.15 216.65 to 223.70 -2.5% 0.27 times
10 Fri Mar 2023 223.75 220.40 to 224.70 -0.04% 0.42 times
09 Thu Mar 2023 223.85 223.30 to 226.30 0.11% 0.44 times
08 Wed Mar 2023 223.60 222.00 to 227.95 -1.24% 0.45 times

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