Since Feb 2021, Biocon has tried to BreakOut of the resistance zone (407 - 411), without any success. In the recent past (Sep 2024, Jan 2025 & last week) as well it tried to BreakOut of this zone. Last week there has been a gain of +6.56% as well as HUGE spike in volume suggesting buyers interest in the stock, which could mean that the stock may gain momentum and may breakout of the resistance zone. EMA's are also in a PCO state, suggesting an uptrend.
Next week's price action could provide an insight into the stock's trend.
Next week's price action could provide an insight into the stock's trend.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.