Parallel channel - Biocon

Biocon consistently making higher lows on closing after it bottomed out at 612 levels. If nifty moves down tomorrow on opening you can expect correction from these levels on account of profit booking.
Sky rocketed :)
When Markets are down this stock is still hanging out and showing resilience but I dont think it can resist the markets and may break down.
@surfdwaves, I didn't see any break down .. for a market condition like today. Biocon is showing very strong resilience. :)
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