Biocon is moving inside a Darvas Box for many weeks. This means the stock is trading in a range and buyers and sellers are balanced.
Recently, the price has moved up from the lower side of the box with good strength. Volumes are also increasing, which shows more participation from buyers.
RSI is around 56, which tells us momentum is improving but not overbought. It is a healthy zone.
MACD is turning positive. This signals that the trend may be shifting from sideways to upward.
ADX is around 14. This means the trend is still weak, but slowly gaining strength. If price continues upward, ADX can rise more.
Overall, the chart shows early signs of a possible breakout. Buyers are becoming active, and momentum indicators are improving.
Recently, the price has moved up from the lower side of the box with good strength. Volumes are also increasing, which shows more participation from buyers.
RSI is around 56, which tells us momentum is improving but not overbought. It is a healthy zone.
MACD is turning positive. This signals that the trend may be shifting from sideways to upward.
ADX is around 14. This means the trend is still weak, but slowly gaining strength. If price continues upward, ADX can rise more.
Overall, the chart shows early signs of a possible breakout. Buyers are becoming active, and momentum indicators are improving.
Disclaimer
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.
Disclaimer
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.