Three outside down Candlestick pattern was formed by Biocon Ltd. on 26/02/2020 with rise in volume. Prior to pattern formation this share was in uptrend.
Bearish engulfing Candlestick pattern was formed by Biocon Ltd. on 25/02/2020 with rise in volume. Prior to pattern formation this share was in uptrend.
As Per ADX, stock is not trending with ADX of 14.7693 and is not trending for 24 Days
Bearish MACD line is crossed Below Signal line , 2 Days ago.
As Per Chaikin Money Flow, stock has Strong Selling pressure with CMF = -0.0583259. Strong Selling pressure is for 2 Days
Stock of Biocon Ltd. has formed Resistance (trend line) with dates 20/02/2020, 12/04/2019, on weekly Charts. Lowest point touched during this period is 218.1.Resistance line still holds good. Stock price : 298.9 is hovering just below Resistance price of 315.05. If other indicators are supportive then a short selling could be an option.
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Share Price History of Biocon Ltd.
Date
Open
High
Low
Close
Volume
27-Feb-20
296.00
302.00
292.45
298.90
6122 K
26-Feb-20
299.90
307.70
297.65
298.75
4964 K
25-Feb-20
315.00
315.70
295.60
303.85
10227 K
24-Feb-20
306.00
323.50
303.30
314.25
9992 K
20-Feb-20
305.95
319.00
305.80
315.05
6990 K
19-Feb-20
303.00
309.20
303.00
306.10
2287 K
18-Feb-20
303.10
304.40
295.05
300.65
3625 K
17-Feb-20
309.05
311.50
302.30
303.15
3201 K
14-Feb-20
306.50
309.25
301.55
307.80
2119 K
13-Feb-20
308.00
309.75
305.40
307.05
1953 K
About Biocon Limited
Biocon Limited, a biopharmaceutical company, develops, manufactures, and sells active pharmaceutical ingredients and formulations for diabetes, oncology, and autoimmune diseases. It operates through Small Molecules, Biologics, Branded Formulations, and Research Services segments. The company provides biosimilars comprising recombinant human insulin, insulin glargine, insulin aspart, insulin lispro, and monoclonal antibodies and other biologics; small molecules, such as active pharmaceutical ingredients and generic formulations; and provides branded formulation products under the Insugen, Basalog, BIOMAb EGFR, CANMAb, and ALZUMAb brands. It is also involved in the integrated discovery, development, and manufacturing services for small and large molecules, antibody-drug conjugates, and oligonucleotides. In addition, the company offers botanical products. It serves customers in approximately 120 countries. Biocon Limited was founded in 1978 and is headquartered in Bengaluru, India. About Strength
Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback
We are working on fundamental strength also. Please share your views to help shape up the requirement.
( Intraday Analysis is on 15 Mins Delayed Data. All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
