BIOCON - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

IntraDay Trade Rating: 3.0

📉 Mixed technicals and weak fundamentals limit conviction, but short-term momentum and volume offer scalping potential.

💡 Optimal Buy Price: ₹378

🎯 Profit Target: ₹388 | Stop Loss: ₹372

⏱️ If already holding, consider exiting near ₹388 or if price dips below ₹372 with increasing volume.

📈 Positive

• 📊 MACD at 5.54 signals short-term bullish momentum
• 📈 RSI at 66.9 indicates strong buying interest approaching overbought zone
• 📍 Price is above both DMA 50 and DMA 200 (₹362 & ₹354)
• 📈 Volume (44.7L) is slightly above 1-week average (43.4L), supporting intraday liquidity
• 📈 FII holding increased by 0.57%, showing foreign investor confidence

⚠️ Limitation

• 📉 Extremely high P/E of 4,067 vs. Industry PE of 33.1 indicates distorted valuation
• 📉 PEG ratio of -218 suggests poor growth relative to valuation
• 📉 ROCE of 2.09% and ROE of 0.40% reflect weak capital efficiency
• 📉 DII holding declined by 0.77%, indicating domestic caution

🚫 Company Negative News

• 📉 PAT turned negative from ₹21.2 Cr. to -₹8.3 Cr. (Qtr Profit Var: -1,022%)

✅ Company Positive News

• 📈 FII accumulation and technical recovery above key moving averages

🧬 Industry

• 💊 Operates in the biopharmaceutical and healthcare sector
• 📊 Trades at a distorted P/E of 4,067 vs. Industry PE of 33.1

🧾 Conclusion

• BIOCON offers a limited intraday opportunity with short-term momentum but weak fundamentals
• Best suited for quick scalping trades with tight stop-loss
• Watch for RSI crossing 70 and price action near ₹388 for exit signals

I can also compare BIOCON’s setup with peers like CIPLA or DRREDDY to refine your intraday strategy.