Biocon Share Price Today: Technical Indicators Flash ‘Buy’ Signal!

July 17, 2025: Biocon Share Price, a major player in the pharmaceuticals sector, showed mild upward momentum in Thursday’s trading session, closing at ₹395.7 on the BSE, up 0.3% from the previous close. The stock oscillated within a narrow intraday range, touching a low of ₹394.75 and a high of ₹398.7, just shy of its 52-week high of ₹405.85.

Stock Performance: Short-Term Gains Reflect Renewed Investor Interest

In recent months, Biocon share price has been on an upward trajectory. The stock has surged 12.25% in the last month and 19.49% over the past three months, signaling a growing investor appetite and positive sentiment in the biopharmaceutical space. The 52-week range now stands between ₹290.8 and ₹405.85, highlighting a robust recovery from past lows.

In the last week alone, the stock rose 6.4%, suggesting the rally is supported by short-term momentum.

Technical Indicators: Bullish Trends Across Time Frames

From a technical analysis perspective, Biocon share price action continues to exhibit strength. The daily pivot level is marked at ₹396.72, indicating a key area of price balance. Immediate resistance levels are placed at:

• R1: ₹398.68
• R2: ₹400.67
• R3: ₹402.63

On the support side, investors should watch for potential retracements to:

• S1: ₹394.73
• S2: ₹392.77
• S3: ₹390.78

Meanwhile, Biocon’s moving averages reinforce a bullish bias. The 5-day SMA and EMA stand at ₹372.07 and ₹379.78, respectively, while the 10-day SMA is at ₹370.12. This trend strengthens further when we look at the 20-day, 50-day, and 100-day averages, with the 200-day SMA and EMA holding at ₹347.09 and ₹342.96, well below the current market price—an encouraging sign for long-term holders.

Sector Comparison: Biocon Outpaces Sun Pharma in Recent Performance

Within the pharma sector, Biocon’s performance stands out, especially in the short to mid-term. Its one-month return of 12.4% and three-month gain of 19.64% clearly outshine Sun Pharmaceutical Industries, which has posted more modest gains of 3.71% in a month and a negative -2.34% over three months.

However, in the longer term, Sun Pharma retains leadership with a three-year return of 93.71% and a five-year gain of 239.76%, compared to Biocon’s three-year rise of 19.3% and five-year loss of -8.14%.

Long-Term Outlook: Reversal in Progress?

Biocon’s six-month return of 0.9% and one-year performance of 15.52% suggest the company is turning a corner after years of underperformance. With growing confidence in India’s biosimilars and API exports, along with Biocon’s focused investment in innovation and capacity expansion, the stock might be entering a period of sustained strength.

Conclusion: Hold or Accumulate on Dips

The near-term technicals, solid monthly momentum, and sector leadership in the short run position Biocon as a stock worth monitoring. While valuations may stretch slightly in the coming sessions, the overall trend remains positive. Long-term investors may consider holding their positions or accumulating on dips, especially if prices consolidate near the ₹390-₹395 support zone.