Viduthalai

BIOCON- Broken the range bound

Long
NSE:BIOCON   BIOCON LTD
Positive:
1. Bounced back from its upward trend line with decent volume
2.Making higher top and higher bottom
3.Crossed 20,50,100,200 DMA
4. Momentum indicator and Trent indicators showing positive

Points to look:
1. No significant change in the Open interest
2.20 points away from its all time high

Stock just brooked the 8 month range bound between 546 and 645..will new trend continue ??

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