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Kapil-Mittal
Oct 19, 2021 11:17 AM

BIOCON ANALYSIS 

BIOCON LTDNSE

Description

Biocon is currently in a downtrend & taking rejection from 44EMA

- Plan 1 - Hold & exit at around 356 price level
- Plan 2- Exit if gives closing below 339 (Support)
- Plan 3 - Exit 50% now & continue holding the rest in a hope for reversal

Closing above 370 can change the trend
Comments
StockWhizzer
What's the status now? 6 pta spread on Cash & Oct Fut, reason?
Kapil-Mittal
@StockWhizzer, Sorry I didn't get your question
StockWhizzer
Will this break 330, although Option chain for Oct seems unlikely, is there bounce soon or heading till 280/300, thankss!
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