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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 of Biocon 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 BIOCON at this time. Stock is rising and might rise more.

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

Stock of Biocon (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 is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 238.4 as stoploss in an intra day sell trade for a target of 233.31. However, stock will show a bullish move above 238.4.

BIOCON Biocon is falling or rising NEWS fundamental reasons

Company Announcement Biocon Limited has informed the Exchange about Investor Meeting - NEWS as on 2023-11-28

Company Announcement Biocon Limited has informed the Exchange about details of meeting - NEWS as on 2023-11-21

Company Announcement Biocon Limited has informed the Exchange regarding 'Investor Presentation'. - NEWS as on 2023-11-20

Company Announcement - NEWS as on 2023-11-17

Company Announcement Biocon Limited has informed the Exchange regarding 'Company Statement'. - NEWS as on 2023-11-13

Company Announcement Biocon Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2023-11-13

Company Announcement Biocon Limited has informed the Exchange regarding a press release dated November 10, 2023, titled "Biocon Q2FY24 Revenue at Rs 3,620 Cr, Up 52%; Biosimilars Up 97%; Research Services Up 18%; EBITDA at Rs 900 Cr, Up 68%; Core EBITDA at Rs 1,100 Cr, Up 35%; - NEWS as on 2023-11-13

Company Announcement Biocon Limited has informed the Exchange regarding 'Biocon Biologics Limited, a subsidiary of Biocon Limited has divested the businesses in relation to its non-core branded formulations in India, comprising, inter alia, of generic dermatology and nephrolog - NEWS as on 2023-11-10

More announcements and NEWS

BIOCON Biocon Limited current price & indicator signals

Moving Averages for Biocon Limited

  • 5Day Average: 235.17
  • 12Day Average: 233.37
  • 20Day Average: 229.85
  • 50Day Average: 243.76
  • 100Day Average: 252.12
  • 150Day Average: 249.21
  • 200Day Average: 242.44

BIOCON Indicators & signals

Indicator MACD (12,26,9)

233.32, 234.39, -2.9
Indicator MACD is in negative zone

Indicator ADX (14)

0.43, 23.32, 23.12
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 41
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
29 Wed Nov 2023 236.75 233.20 to 237.40 1.57% 0.69 times
28 Tue Nov 2023 233.10 231.25 to 236.25 -0.96% 0.85 times
24 Fri Nov 2023 235.35 234.90 to 238.95 0.3% 0.66 times
23 Thu Nov 2023 234.65 233.20 to 236.50 -0.57% 0.34 times
22 Wed Nov 2023 236.00 233.70 to 237.50 0.98% 0.83 times
21 Tue Nov 2023 233.70 232.90 to 236.80 -0.55% 0.5 times
20 Mon Nov 2023 235.00 232.30 to 238.70 0.97% 1.43 times
17 Fri Nov 2023 232.75 231.50 to 233.50 0.37% 0.53 times
16 Thu Nov 2023 231.90 228.25 to 234.20 1.22% 1.34 times
15 Wed Nov 2023 229.10 228.45 to 231.75 0.77% 0.96 times
13 Mon Nov 2023 227.35 224.35 to 231.85 -3.17% 2.55 times
12 Sun Nov 2023 234.80 230.00 to 236.00 3.25% 0.63 times

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