Overall Technical outlook

Price Summary

Biocon Limited's stock started trading at 369.9 on 2026-02-02, climbed to 372.25, fell to 360.55, and closed 0.07% up at 370.15, with 4694655 shares traded.
The peak price for the stock in the past 52 weeks is 421.6, with the lowest price being 302.45.
Based on recommendations from 20 analysts, the future price of BIOCON is expected to range from 290.0 to 580.0, with an average price expectation around 421.6.

Technicals

Support and Resistance: The current price of 370.15 for BIOCON is supported at 369.2 and faces resistance at 380.4. These levels indicate that 369.2 could act as a floor, while 380.4 might limit any further price increases.
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Support/Resistance for BIOCON


Aroon: The current state of the AROON is neutral for BIOCON, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Aroon chart for Biocon Limited


Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation.
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Bolinger Bands chart for Biocon Limited


Parabolic SAR: The recent shift in the PSAR from bearish to bullish suggests a potential trend reversal. If this move aligns with signals from other indicators, it could indicate a strong bullish trend. Investors should consider this reversal as a possible opportunity, particularly if supported by a broader market trend.
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Parabolic Stop and Reverse chart for Biocon Limited


Stochastic: The current reading of the STOCHASTIC is neutral for BIOCON, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction.
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Stochastic chart for Biocon Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Tripple SMA chart for Biocon Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.