Overall Technical outlook

Price Summary

Biocon Limited's stock, on 2025-05-30 opened at 335.05, climbed to a high of 337.6, dropped to a low of 331.4, and closed up 0.24% at 335.85, with 1880083 shares traded.
In the 52-week period, the stock's peak price is 401.55, and the lowest price recorded is 290.9.
21 analysts estimate that the future price of BIOCON will fall between 270.0 and 447.0, with an average price expectation of approximately 377.85715.

Technicals

Support and Resistance: The current price sits at 335.85, supported at 329.55 and capped by resistance at 348.15. These levels define a range for BIOCON where the price might stabilize, with 329.55 as a floor and 348.15 as a ceiling.
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Support/Resistance for BIOCON


Aroon: The AROON is currently in a neutral position for Biocon Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.
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Aroon chart for Biocon Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Bolinger Bands chart for Biocon Limited


Parabolic SAR: The PSAR maintains its bearish outlook, setting a resistance level that could act as a ceiling for upward momentum. This ongoing bearish trend suggests that the market may struggle to overcome this resistance, keeping prices subdued.
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Parabolic Stop and Reverse chart for Biocon Limited


Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Stochastic chart for Biocon Limited


Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Tripple SMA chart for Biocon Limited


The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.