BUY BIOCON ABOVE 630 TGT 650/670 SL 600
SELL BIOCON ONLY BELOW 600 TGT 580/555 SL 630
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Primary trend of the BIOCON is bullish and after giving breakout of its MONTHLY RESISTANCE level, it is forming continuation pattern in short term charts, it is likely to
continue the positive movement with the breakout of the pattern at the levels of 630 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 80, one may expect the targets of 650/670 in the stock if it manages to sustain above the immediate support level of 600.
continue the positive movement with the breakout of the pattern at the levels of 630 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 80, one may expect the targets of 650/670 in the stock if it manages to sustain above the immediate support level of 600.
DAILY CHART FOR BIOCON
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