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Dinesh_C_Nagpal
Sep 20, 2023 1:24 PM

BIOCON 

NSE:BIOCON1W
BIOCON LTDNSE

Description

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Hello & welcome to this analysis

Stock is among the rare few which had a lengthy period of correction which broke the Covid lows.

Its trying to reverse as can be seen in lower time frame but higher time frame still lacks confirmation and is suggesting volatility.

I have explained the levels on both sides which would give a clearer direction of trend.

Hope this helps

Happy Investing
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Comments
johntradingwick
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Hi,

This publication has been chosen for the Editor's Picks and will feature on the page in.tradingview.com/ideas/editors-picks/.

Thank you for your valuable contribution to the TradingView community and keep up the good work!
aditichawla
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Biocon has really burnt a lot of hands. Very extended drawdown. The current price movement is also very choppy. I believe if it manages to stay above 250 then there is some scope of an up move. However, if it goes below 250, then we can revisit 200 and below over the next few months.

rajeshshashanksinchu
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good analysis
subhrakanta8730
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It will fall more
subhrakanta8730
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Recent growth is a trap ..it will fall
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