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Short

Trendline Breakdown - Biocon

NSE:BIOCON   BIOCON
Biocon has broken from rising trend line with rising volumes. It has closed below 20 Day EMA . It has also formed lower bottom on daily charts .

One can initiate short position around 1070-1080 levels with stop loss of 1090 (closing basis) for target of 980-1020 in next 8-10 days.

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