Munafa Biocon Limited (BIOCON) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Munafa Biocon Limited (BIOCON) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow Biocon Limited intraday tips for today and tomorrow

Biocon Limited (BIOCON) Indicator analysis

Moving Averages for Biocon Limited

  • 5Day Average: 287.79
  • 12Day Average: 276.7
  • 20Day Average: 273.43
  • 50Day Average: 270.89
  • 100Day Average: 267.34
  • 150Day Average: 259.22
  • 200Day Average: 259.63

BIOCON Indicators & signals

Indicator MACD (12,26,9)

280.38, 274.11, 2.5
Indicator MACD is in positive zone

Indicator ADX (14)

56.13, 44.27, 12.44
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
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
26 Fri Apr 2024 306.40 292.00 to 313.40 5.06% 4.74 times
25 Thu Apr 2024 291.65 287.85 to 293.70 0.71% 0.83 times
24 Wed Apr 2024 289.60 281.40 to 295.00 3.37% 2.59 times
23 Tue Apr 2024 280.15 271.30 to 281.00 3.32% 1.09 times
22 Mon Apr 2024 271.15 262.15 to 272.50 3.63% 0.9 times
19 Fri Apr 2024 261.65 259.85 to 265.35 -2.08% 0.57 times
18 Thu Apr 2024 267.20 265.80 to 275.50 1.31% 0.99 times
16 Tue Apr 2024 263.75 262.25 to 269.00 -0.57% 0.36 times
15 Mon Apr 2024 265.25 262.10 to 271.75 -3.19% 0.43 times
12 Fri Apr 2024 274.00 273.10 to 283.15 -1.55% 0.72 times
10 Wed Apr 2024 278.30 272.00 to 283.20 2.58% 1.53 times
09 Tue Apr 2024 271.30 269.50 to 276.95 -0.91% 0.29 times

Biocon Limited stock tips (delivery Volume analysis)

Total 5 day volume for Biocon Limited is 97066385, out of which 40985273 went into delivery, which is 42.22 percent of total volumes

Volumes in the last session was 45364974, out of which 19218967 went into delivery, which is 42.37 percent of total volumes.

Although some deliveries are being taken in the stock, still its not a comfortable percentage. The stock might show a slow down or possibly a reversal of its trend in coming days.

Biocon BIOCON intraday stock tips

26 Friday April Stock tips for Biocon (BIOCON) Stock 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!

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

Although my analysis for Biocon 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 300.5, for a target of 287 or 275.83

25 Thursday April Stock tips for Biocon (BIOCON) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

Although my analysis for Biocon 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 292, for a target of 281.4 or 272.61

24 Wednesday April Stock tips for Biocon (BIOCON) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

Although my analysis for Biocon 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 289, for a target of 279 or 270.61

23 Tuesday April Stock tips for Biocon (BIOCON) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Biocon is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Biocon stays above 276.7, but if it comes below 276.7, then a intra day sell could be more profitable.
If you take a sell trade below 276.7, then use 276.7 as stoploss and 268.61 as target. However if you take a buy trade in Biocon, then use 276.7 as stoploss and 286.4 as target.

22 Monday April Stock tips for Biocon (BIOCON) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Biocon is bullish for shortterm, and stock might move up till 276 or till 286.3. Use a stoploss of 267.4 and if this stock hits its stoploss, then it can fall down till 258.8

19 Friday April Stock tips for Biocon Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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

My analysis of Biocon is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 257.5 as stoploss in an intra day buy trade for a target of 267.01. However, stock will show a bearish move below 257.5.

18 Thursday April Stock tips for Biocon Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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

My analysis of Biocon is bearish for shortterm, and stock might move down till 257.7 or till 245.8. Use a stoploss of 267.57 and if the stock hits stoploss, then it can shoot up till 277.48

Biocon BIOCON tips for tomorrow

Tomorrow's movement Prediction of Biocon BIOCON appears strongly Bullish. This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well.

Tomorrow's movement Prediction of Biocon BIOCON is showing signs of strength. Either there is a positive sentiment following this stock or an Elephant got in here.

Tomorrow's movement Prediction of Biocon BIOCON is bullish. The stock is trading above weekly resistance and downside can only be expected once it trades below 268.58

Tomorrow's movement Prediction of Biocon BIOCON is strongly bullish. It has broken a strong resistance of 291 and is expected to move up further.

Munafa value: 95

 Munafa value: 95

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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Munafa Biocon Limited (BIOCON) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

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Munafa Biocon Limited (BIOCON) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

 

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