📊 Recent context
Current price is around ₹390-₹395 (approx) on NSE.
The 52-week range is approx ₹291 (low) to ₹424.95 (high).
On the weekly chart one sees swings in the ~₹330-₹420 region over past months.
✅ What to monitor
A clear weekly close above ~₹425 would suggest the resistance is broken and next leg up may be possible.
A weekly close below support around ~₹350-₹365 might open the path toward the ~₹300-₹320 zone.
Volume and weekly momentum (RSI/MACD) would help gauge strength of breakout or breakdown (you’ll need a full charting platform to inspect this).
External catalysts: news around biotech/biosimilars, regulatory approvals, earnings etc., are relevant too given Biocon’s business.
Current price is around ₹390-₹395 (approx) on NSE.
The 52-week range is approx ₹291 (low) to ₹424.95 (high).
On the weekly chart one sees swings in the ~₹330-₹420 region over past months.
✅ What to monitor
A clear weekly close above ~₹425 would suggest the resistance is broken and next leg up may be possible.
A weekly close below support around ~₹350-₹365 might open the path toward the ~₹300-₹320 zone.
Volume and weekly momentum (RSI/MACD) would help gauge strength of breakout or breakdown (you’ll need a full charting platform to inspect this).
External catalysts: news around biotech/biosimilars, regulatory approvals, earnings etc., are relevant too given Biocon’s business.
I built a Buy & Sell Signal Indicator with 85% accuracy.
📈 Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
📈 Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Publicações relacionadas
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I built a Buy & Sell Signal Indicator with 85% accuracy.
📈 Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
📈 Get access via DM or
WhatsApp: wa.link/d997q0
Contact - +91 76782 40962
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Publicações relacionadas
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.