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 trade for tomorrow is selective. Take a BUY trade only if Biocon stays above 342.4, but if it comes below 342.4, then a intra day sell could be more profitable.
If you take a sell trade below 342.4, then use 342.4 as stoploss and 327.45 as target. However if you take a buy trade in Biocon, then use 342.4 as stoploss and 360.3 as target.

BIOCON Biocon is falling or rising NEWS fundamental reasons

Company Announcement Biocon Limited has informed the Exchange about Meeting conducted with Institutional Investors/ Research Analysts - NEWS as on 2024-06-20

Company Announcement Biocon Limited has informed the Exchange regarding 'Intimation under Regulation 30'. - NEWS as on 2024-06-20

Biocon searches for partner to test generic Wegovy, Ozempic in China Biocon's generics would join at least 15 other generics or biosimilars in development by Chinese drugmakers ahead of an expiry of patent protection on semaglutide - NEWS as on 2024-06-20 business-standard.com

Company Announcement - NEWS as on 2024-06-18

Company Announcement Biocon Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2024-06-14

Company Announcement Biocon Limited has informed the Exchange regarding 'Notification to Stock Exchanges'. - NEWS as on 2024-06-04

Company Announcement Biocon Limited has informed the Exchange regarding a press release dated May 24, 2024, titled "Biocon Limited signs exclusive licensing and supply deal for the commercialization of Liraglutide in South Korea with Handok Inc.". - NEWS as on 2024-05-24

Company Announcement Biocon Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-05-24

Company Announcement Biocon Limited has informed the Exchange about Transcript - NEWS as on 2024-05-23

More announcements and NEWS

BIOCON Biocon Limited current price & indicator signals

Moving Averages for Biocon Limited

  • 5Day Average: 336.78
  • 12Day Average: 334.94
  • 20Day Average: 325.79
  • 50Day Average: 306.68
  • 100Day Average: 288.48
  • 150Day Average: 277.01
  • 200Day Average: 270.58

BIOCON Indicators & signals

Indicator MACD (12,26,9)

333.45, 323.41, 9.34
Indicator MACD is in positive zone

Indicator ADX (14)

19.06, 30.31, 20.61
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
21 Fri Jun 2024 345.70 340.10 to 351.00 0.85% 1.14 times
20 Thu Jun 2024 342.80 332.00 to 344.30 3.18% 1.01 times
19 Wed Jun 2024 332.25 327.80 to 339.20 1.19% 0.9 times
18 Tue Jun 2024 328.35 326.50 to 332.55 -1.93% 0.76 times
14 Fri Jun 2024 334.80 334.15 to 339.70 -0.99% 0.62 times
13 Thu Jun 2024 338.15 336.60 to 342.40 -0.22% 0.3 times
12 Wed Jun 2024 338.90 330.10 to 345.95 -1.61% 0.64 times
11 Tue Jun 2024 344.45 337.40 to 349.45 1.34% 0.87 times
10 Mon Jun 2024 339.90 336.55 to 345.25 1.16% 0.91 times
07 Fri Jun 2024 336.00 331.00 to 341.25 0.98% 1.8 times
06 Thu Jun 2024 332.75 306.80 to 335.75 9.01% 2.2 times
05 Wed Jun 2024 305.25 288.90 to 307.35 4.93% 1.05 times

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