Overall Technical outlook

Price Summary

Biocon Limited's stock, on 2025-06-12 opened at 355.0, climbed to a high of 357.75, dropped to a low of 349.5, and closed up -0.77% at 352.25, with 4265787 shares traded.
In the 52-week period, the stock's peak price is 401.55, and the lowest price recorded is 302.45.
21 analysts predict that the future price of BIOCON will be in the range of 270.0 to 447.0, with a mean expected price of about 377.85715.

Technicals

Support and Resistance: The current price of 352.25 is supported at 348.15, with resistance at 359.9. This suggests that the price for BIOCON might remain between these levels, where 348.15 acts as a floor and 359.9 as a ceiling in the market.
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Support/Resistance for BIOCON


Aroon: Aroon's bullish trend persists, with Aroon Up at the 100 level, signaling strong upward momentum. Further exploration with additional indicators is needed to confirm the trend's durability and potential for continued growth.
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Aroon chart for Biocon Limited


Bol. Bands: The current price is above the upper Bollinger Band, maintaining this position since its recent rise. This indicates strong bullish momentum and suggests that the asset could be in an overbought state. Traders may view this as a sign of continued strength, but the prolonged period above the band also raises the possibility of a correction or pullback in the near future.
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Bolinger Bands chart for Biocon Limited


Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help sustain the market's upward movement. This strong support suggests that Biocon Limited is likely to continue trending higher, providing investors with confidence in the ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Biocon Limited


Stochastic: The stochastic indicator is in a bullish phase, with the K-line positioned above the D-line and the 80 threshold. This alignment suggests strong upward momentum for BIOCON, indicating that the market may continue to trend higher. Traders might see this as a positive signal for sustained strength.
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Stochastic chart for Biocon Limited


Tripple Moving Agerage: The Tripple MOVING AVG is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
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Tripple SMA chart for Biocon Limited


A thorough analysis of a company involves looking at both its fundamentals and technical data. The fundamentals, including revenue, profitability, and management quality, offer insight into the company's long-term value. Additionally, understanding the broader industry context, such as market competition and regulatory challenges, helps to better interpret the company's stock performance. By combining both fundamental and technical analysis, you can derive more meaningful inferences about the company's future prospects.