532523 NEWS why is Biocon Ltd. price falling or rising

532523 NEWS reasons for why stock price of Biocon Ltd. is falling or rising

532523 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 532523 at this time. Stock is falling and might fall more.

It appears as if Biocon 532523 gave a large move recently.

Stock of Biocon (532523) 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.

My analysis of Biocon is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Biocon stays below 353.6, but if it comes above 353.6, then a intra day buy could be more profitable.
If you take a sell trade below 353.6, then use 353.6 as stoploss and 334.1 as target. However if you take a buy trade in Biocon, then use 353.6 as stoploss and 369.81 as target.

532523 Biocon is falling or rising NEWS fundamental reasons

Biocon betting big on new product launches for growth Biocon aims to grow through new product launches in generics and biosimilars, bolstered by the Viatris acquisition. This strategy integrates development, production, distribution, and market deployment. Biocon Biologics has acquired Viatris' global biosimi - NEWS as on 2025-02-11 indiatimes.com

More announcements and NEWS

532523 Biocon Ltd. current price & indicator signals

Moving Averages for Biocon Ltd.

  • 5Day Average: 360.74
  • 12Day Average: 369.32
  • 20Day Average: 374.11
  • 50Day Average: 367.95
  • 100Day Average: 355.7
  • 150Day Average: 356.02
  • 200Day Average: 348.71

532523 Indicators & signals

Indicator MACD (12,26,9)

367.36, 370.03, 0.71
Indicator MACD is in negative zone

Indicator ADX (14)

20.78, 21.72, 33.11
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 532523 Biocon Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
14 Fri Feb 2025 348.85 344.25 to 363.10 -2.94% 0.92 times
13 Thu Feb 2025 359.40 354.00 to 368.65 0.84% 0.54 times
12 Wed Feb 2025 356.40 342.55 to 360.95 -1.51% 1 times
11 Tue Feb 2025 361.85 360.00 to 378.95 -4.07% 0.61 times
10 Mon Feb 2025 377.20 374.55 to 386.40 -2.38% 0.37 times
07 Fri Feb 2025 386.40 385.20 to 399.10 -2.63% 0.68 times
06 Thu Feb 2025 396.85 390.00 to 399.45 1.69% 1.61 times
05 Wed Feb 2025 390.25 373.10 to 393.85 5.22% 2.07 times
04 Tue Feb 2025 370.90 366.50 to 373.60 1.9% 0.26 times
03 Mon Feb 2025 364.00 359.30 to 367.70 0.4% 0.62 times
31 Fri Jan 2025 362.55 346.30 to 370.80 1.51% 2.23 times
30 Thu Jan 2025 357.15 353.55 to 362.50 0.44% 0.7 times

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