BIOCON - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

Here’s a detailed technical read on BIOCON 🧪📊

📉 Trend Assessment

Current Price (₹398) is trading above both

50 DMA (₹367)

200 DMA (₹348)

This points to a bullish trend, with strong recent recovery momentum

Near its 52-week high (₹406) ➤ testing upper resistance, eyeing breakout

📈 Key Indicator Highlights

RSI (64.5)

In bullish territory, but not yet overbought

Suggests continuation potential with mild caution near ₹406–₹410

MACD (10.5)

Strong positive divergence ➤ upward price momentum gaining strength

Volume Surge

Daily volume (56L) far above weekly average (37L) ➤ possible accumulation phase or breakout build-up

Bollinger Bands

Price hovering near upper band ➤ momentum-backed uptrend, watching for volatility expansion

🚀 Short-Term Momentum Signals

Momentum is bullish, supported by

Price strength over DMAs

Positive MACD crossover

Strong volume participation

FII and DII holding ↑ ➤ broad-based institutional confidence

💰 Entry & Exit Zones

Action Price Range (₹) Insight

Entry (Pullback) ₹375 - ₹390 Near 50 DMA and trendline support zone

Entry (Breakout) ₹406+ Above 52-week high — confirmation required

Exit (Partial Booking) ₹420 - ₹435 Prior resistance cluster, ideal profit zone

Exit (Full Booking) ₹450+ Use trailing stops if rally extends

🧩 Additional Technical Context

P/E (54.0) vs Industry P/E (34.0) ➤ rich valuation

PEG Ratio (5.14) ➤ expensive for current growth rate

Debt-to-equity (0.85) ➤ moderate leverage, but manageable

PAT Quarterly Growth (+138%) ➤ major earnings boost supporting price rally

🧭 Summary

Trend: Bullish and testing key resistance

Momentum: Positive with strong indicators

Pattern: Breakout candidate or short-term consolidation near top

Technical Rating: 4.1

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