BIOCON- MULTIYEAR BREAKOUT SETUP

📊 BIOCON – Next Week Trade Setup

BIOCON has entered a decisive technical zone and stands out on the weekly chart as price attempts to challenge a long-standing resistance area after a prolonged phase of consolidation.

🔹 **Chart Structure**
Price has gradually recovered from lower levels and is now testing a major resistance zone that has capped previous advances. The broader structure suggests improving momentum with the possibility of a larger breakout move if confirmation sustains.

🔹 **Technical View**
• Weekly chart showing improving structure
• Price challenging major resistance zone
• MACD turning supportive of bullish momentum
• RSI strengthening and holding positive territory
• Breakout attempt visible on higher timeframe

🔹 **Trade Plan**
📍 Entry Zone: Around 425–430
🛑 Stop Loss: 369

🎯 Target 1: 485

🔹 **Possibility:**
🎯 Target 2: 550
🎯 Target 3: 647

🔹 **What I’m Watching**
The 425–430 zone is critical. A sustained breakout and weekly strength above resistance may trigger fresh buying momentum and open room toward higher targets. However, rejection near this zone could lead to consolidation or retest of support levels. Watching for confirmation and follow-through rather than early aggression.

⚠️ Not a recommendation — sharing my technical view and planned setup for educational and journal purposes.

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