Overall Technical outlook

Price Summary

A -4.56% slide in Biocon Limited's stock marked an unimpressive day on the market.
Biocon Limited's stock, on 2025-04-25 opened at 326.75, climbed to a high of 328.4, dropped to a low of 308.45, and closed up -4.56% at 311.85, with 4324815 shares traded.
The stock's peak price over the last 52 weeks is 401.55, with the lowest being 290.9.
The future price of BIOCON is anticipated to range from 260.0 to 452.0, with an expected mean price of 380.95, according to the recommendations of 20 analysts.

Technicals

Support and Resistance: The price for BIOCON at 311.85 is supported by the 312.0 level and faces resistance at 312.0. This range indicates key levels where the price may find buyers near 312.0 and sellers near 312.0, defining a trading range.
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Support/Resistance for BIOCON


Aroon: The AROON is in a neutral stance for BIOCON, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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Aroon chart for Biocon Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for BIOCON, with no strong trend emerging.
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Bolinger Bands chart for Biocon Limited


Parabolic SAR: The PSAR continues its bullish outlook, reinforcing a crucial support level that may help sustain the current upward trend. This support suggests that the market is likely to continue climbing, with the bullish momentum remaining strong.
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Parabolic Stop and Reverse chart for Biocon Limited


Stochastic: The current reading of the STOCHASTIC is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place.
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Stochastic chart for Biocon Limited


Tripple Moving Agerage: A bullish trend is indicated by the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages hint at a potential reversal. The weakening momentum in the shorter-term averages suggests that the current trend may not hold, signaling the possibility of an upcoming change in direction for BIOCON.
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Tripple SMA chart for Biocon Limited


Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.