A CWH pattern has emerged in the weekly chart of BIOCON.
The company has significantly expanded its fixed assets from 6500 Cr to 34500 Cr and has recently posted its highest ever quarterly results. Despite this, the stock is currently trading below 41% from its all-time high.
Additionally, there is a technical formation of both a CWH pattern and a Volatility Contraction Pattern (VCP) over the past six weeks, accompanied by notable volume.
The company has significantly expanded its fixed assets from 6500 Cr to 34500 Cr and has recently posted its highest ever quarterly results. Despite this, the stock is currently trading below 41% from its all-time high.
Additionally, there is a technical formation of both a CWH pattern and a Volatility Contraction Pattern (VCP) over the past six weeks, accompanied by notable volume.