Biocon monthly analysis: Bearish on breakout

The major trend for Biocon on a monthly chart shows a bearish bias. It means that if the head and shoulder pattern is completed, Biocon prices will be in deep retracement. For such a situation, sell at resistance is advised, that is, sell on rejection of resistance or breakout/retest of support.

Step down on lower time-frame for immediate trendline supports for entry strategies.