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BIOCON

BIOCON LTD ANALYSISTHIS IS MY CHART OF THE WEEK PICK FOR LEARNING PURPOSE BIOCON LTD- The current price of BIOCON LTD is 41.15 rupees I am going to buy this stock because of the reasons as follows- 1. It gave a good breakout and made a 4 year new high. It's coming out from a big base. 2. It got a good buying force and went up by almost 40% from March 2026 low. 3. It is showing better relative strength as it stood strong in volatile times including last few weeks. 4. The risk and reward is favourable. 5. The stock has got a good catalyst and that is- Mutual Funds and FIIs have got some decent holding and they have increased their stake in recent times. 6. Another good part- The stock has been of the laggards and it has done almost nothing in last 5 years, if it breaks 487.25 rupees then we can see more strength. I am expecting more from this in coming weeks. I will buy it with minimum target of 35-40% and then will trail after that. My SL is at 366.75 rupees. I will be managing my risk.
NSE:BIOCONLong
by Its_Bhushan
Biocon Ltd – Breakout from Resistance with Strong Volume SurgeBiocon has delivered a powerful breakout above its key resistance zone of ₹395–₹405, backed by a sharp volume expansion and strong follow-through candles. After months of consolidation within the golden zone (₹355–₹370), the stock has finally regained momentum, suggesting a potential trend reversal. The structure now favors continuation toward the upper target zone, with EMAs aligning positively and momentum indicators supporting strength. 🎯 Key Levels: CMP: ₹417.00 (+2.73%) Golden Zone (Base Support): ₹355 – ₹370 Resistance (Now Support): ₹395 – ₹405 Target Zone: ₹460 – ₹475 Stop-Loss: ₹385 (on daily close basis) 📊 Technical View: Resistance breakout with strong bullish candle and high volume. EMA crossover (20 > 50) confirms short-term bullish trend. Sustaining above ₹405 may lead to a momentum rally toward ₹460+. Golden zone remains a reliable base for any pullback opportunities. 🧠 View: Biocon has confirmed a breakout after a prolonged consolidation phase. Sustained momentum above ₹405 could lead to a steady move toward ₹470 levels in the short to medium term.
NSE:BIOCONLong
by yatharthshah23
Biocon Weekly AnalysisBiocon is moving inside a Darvas Box for many weeks. This means the stock is trading in a range and buyers and sellers are balanced. Recently, the price has moved up from the lower side of the box with good strength. Volumes are also increasing, which shows more participation from buyers. RSI is around 56, which tells us momentum is improving but not overbought. It is a healthy zone. MACD is turning positive. This signals that the trend may be shifting from sideways to upward. ADX is around 14. This means the trend is still weak, but slowly gaining strength. If price continues upward, ADX can rise more. Overall, the chart shows early signs of a possible breakout. Buyers are becoming active, and momentum indicators are improving.
NSE:BIOCONLong
by PowerOfTA
Biocon (D): Strongly BullishThis is a high-conviction breakout in progress. A major fundamental catalyst (record-breaking earnings) is providing the "great momentum", driving the price to challenge a critical multi-year resistance. All indicators are aligned for a major new uptrend. 🚀 1. The Fundamental Catalyst The primary driver for today's move is a blowout Q2 2026 earnings report : - Net Profit: Surged 392% year-over-year. - Revenue: Grew 20% year-over-year. - Today's Action: The market reacted with a gap-up open , a +5.40% surge , and massive 16.38 Million in volume, confirming strong institutional interest. 📈 2. The Long-Term Context - The 2020 Peak: After its ATH in December 2020, the stock entered a multi-year downtrend. - The 2023 Bottom: This trend found its bottom in March 2023 . - The Reversal: Since then, the stock has been in a 2.5-year reversal, forming a bullish base of Higher Lows . - The "Lid": This entire recovery has been capped by the key horizontal resistance zone formed back in June-December 2020 . 📊 3. The Decisive Breakout Today's earnings-driven surge is challenging this multi-year resistance zone right now . - Failed Attempts: There were multiple failed attempts to break this level in the past. - Drying Volume: The consolidation phase before today's move saw volume dry up , a classic sign of seller exhaustion. - The Breakout: Today's high-volume gap-up is the most powerful and fundamentally-backed attempt to break this "lid" to date. 🎯 4. Confluence of Bullish Indicators This breakout is supported by a rare "trifecta" of bullish signals across all timeframes: - EMAs: Short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on the Daily, Weekly, and Monthly charts . - RSI: The Relative Strength Index is rising on the Daily, Weekly, and Monthly charts . This alignment indicates that the long-term, medium-term, and short-term trends are all in sync for the first time in years. 🧠 5. Future Scenarios & Key Levels to Watch The price action in the coming sessions is critical. 🐂 The Bullish Case (Confirmation) - Trigger: The stock must get a decisive daily or weekly close above the 2020 resistance zone. - Target: This would confirm the start of a new, long-term bull market, and ₹470 target is the logical next objective. 🐻 The Bearish Case (Breakout Failure) - Trigger: If this move is a "bull trap" (e.g., profit-taking overpowers the good news). - Confirmation: The stock fails to hold its gains and falls back below the resistance zone. - Target: This failure would likely see the stock fall to retest the immediate support level at ₹375 .
NSE:BIOCONLong
by Learn_with_Pth0mas
Understanding Biocon’s Bullish Setup Through Elliott Wave & RSIBiocon Limited is showing signs of a long-term bullish trend, supported by Elliott Wave theory and RSI strength above 50. Its current price action above key moving averages reinforces the momentum. 📈 Understanding Biocon’s Bullish Setup Through Elliott Wave and RSI Biocon Limited, a prominent player in the biotechnology sector, is currently trading around ₹380.50. Technical analysis suggests that the stock is in the midst of a long-term bullish cycle, potentially targeting levels above ₹720. This projection is grounded in the principles of Elliott Wave Theory and supported by the Relative Strength Index (RSI) and moving average trends. 🔹 Elliott Wave Theory: Mapping Market Psychology Elliott Wave Theory is a powerful tool used to analyze market cycles and investor psychology. It posits that prices move in repetitive wave patterns—five waves in the direction of the main trend followed by three corrective waves. Wave 1 to 5: These represent the primary trend. In Biocon’s case, the current movement appears to be in the midst of this five-wave structure. Wave 3 is typically the strongest and longest, often driven by fundamental catalysts and broad market participation. Wave 5, which Biocon is believed to be entering or progressing through, often reflects the final push of bullish sentiment before a correction. Given the current price and technical setup, the projection toward ₹720+ aligns with the completion of this five-wave pattern. 🔹 RSI: Momentum Confirmation The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. A reading above 50 typically indicates bullish momentum. Since early 2024, Biocon’s RSI has consistently remained above the 50 mark, suggesting sustained buying interest and upward momentum. This RSI behavior supports the Elliott Wave interpretation, reinforcing the idea that the stock is in a strong uptrend. 🔹 Moving Averages: Trend Validation Moving averages help smooth out price data and confirm trends. Biocon’s price currently trades above both its: 50-day moving average (DMA): Indicates short- to mid-term bullishness. 100-day moving average (DMA): Suggests longer-term strength and investor confidence. Trading above these key levels often acts as a support zone, reducing downside risk and attracting trend-following investors. 📊 Conclusion: A Technically Sound Rally Biocon’s current technical landscape paints a compelling picture for long-term investors and swing traders: The Elliott Wave structure suggests a continued rally toward ₹720+. The RSI above 50 confirms bullish momentum. Trading above 50 DMA and 100 DMA validates the trend. While technical analysis offers valuable insights, investors should also consider fundamental developments and broader market conditions before making decisions.
NSE:BIOCONLong
by NANARKAR
Biocon cmp 398.75 by Weekly Chart viewBiocon cmp 398.75 by Weekly Chart view - Support Zone at 340 to 365 Price Band - Resistance Zone at 400 to 425 Price Band - 2nd Falling Resistance Trendline Breakout attempted - 1st Falling Resistance Trendline Breakout done and sustained - Stock Price restrained below Resistance Zone after ATH 487.75 in Dec 2020 - Volumes seen galloping heavily and surging well above the avg traded quantity - Multiple Bullish Technical patterns completed under Resistance Zone Price Band - *SUBJECT TO*..... Resistance Zone crossover by few days sustained closure, *ONLY then FRESH BREAKOUT* maybe expected*
NSE:BIOCON
by PIYUSHCHAVDA
BIOCON |Rectangle | Consolidation Breakout | Daily ### 🏺 **Pattern Overview:** ✅ **Horizontal Rectangle / Consolidation Breakout:** * **Range:** ₹297.80 (support) to ₹350.20 (resistance). * **Breakout Price:** ₹350.20 confirmed (recent candle closed above it). * **Current Price:** ₹354.45, showing a breakout and potential further upside. --- ### 🎯 **Measured Move Target:** * **Measured height of the rectangle:** \~₹51.45. * **Target price zone:** ₹400–₹405 in the medium-term. * **Resistance levels:** ₹400.85–₹404.70 (previous swing highs). --- ### 📊 **Volume & RSI Insights:** * **Volume:** Surge in breakout session – confirms buyers’ strength. * **RSI:** Clear breakout of a downward-sloping RSI trendline (marked in yellow). * **Volume MA:** Above average, which adds to breakout reliability. --- ### 💡 **Key Takeaway:** Biocon has **broken out of a consolidation range** at ₹350.20 with healthy volume and RSI confirmation. A potential **upside target is ₹400–₹405** in the coming weeks if the breakout sustains. ---
NSE:BIOCONLong
by DailyCharts03
BIOCON : A Cup and Handle BreakoutIn this falling market BIOCON is showing a cup and handle Breakout with good amount of volume. Upside potential is 45% (approx.) ... CMP : 388 TG1 : 485 (High) TG2 : 570 SL : 329 TSL : Below 9 EMA Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery . 3: Technical : 21/55/200-EMA, Super trend up, RS>0 RSI. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on Daily chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
NSE:BIOCONLong
by SthitaprajnaYogi
3
Biocon Higher Lows and Key Levels Broken.NSE:BIOCON today made higher Lows and Broke Out Key Levels, with RSI and MACD showing a Bullish Momentum, a Swing up to 400 Looks Good and Postionally 450. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:BIOCONLong
by Karanshah137
Stocks in Focus: Biocon, Bharat Dynamics & Apollo Micro Systems1. Biocon NSE:BIOCON ● The stock reached a peak of ₹483 in December 2020, then experienced a downturn, entered a prolonged consolidation phase. ● This phase led to the formation of an Inverted Head & Shoulder pattern. ● Following a recent breakout, the stock is now poised for upward movement. 2. Bharat Dynamics NSE:BDL ● After hitting an all-time high around ₹1,795, the stock saw a decline of nearly 50% and eventually found support at ₹890. ● From this point, the price rebounded and recently surpassed its trendline resistance, setting the stage for substantial future gains. 3. Apollo Micro Systems NSE:APOLLO ● The stock underwent significant consolidation after marking an all-time high near ₹161. ● With a fresh breakout, the price is now set to exceed its past high and make new highs.
NSE:BIOCONLong
by GoodluckCapital
5
BIOCON - Swing/Positional Trading opportunity This is a weekly chart to analyze the bigger picture in the stock One can clearly see that stock is in Stage-2 uptrend with both Key MAs sloping up Price bouncing from Key MAs (especially 40 week MA) Volume activity is also favorable as of now Relative strength of the stock is also high as compared to CNX500 on 52 week basis Instead of just jumping on to the stock the very next day, I would prefer to wait for a low risk entry so that I can have bigger position with lower SL size. This is not a recommendation. Pls do your own study before putting any money in any stock. Share this with your friends if you find this useful. For more learning stuff related to chart analysis, pls check out my other ideas (some of them are linked below) You can always reach out to me anytime for any query or feedback. Keep learning
NSE:BIOCONLong
by TradewithAditya
Granules India for 35%+ gainsDate: 3 Oct’24 Stock: Granules Timeframe: Daily chart Granules India seems to have begun its up move in Wave V of 5 which could end around 810-820 (>35% from current price of 595) as seen in the chart. High volumes and strong reversal of RSI supports this stance. This is not a trade recommendation. Please do your own analysis. Aisa lagata hai ki Granules India ne 5 ke Wave V mein apni badhat shuroo kar dee hai, jo 810-820 (595 kee vartamaan keemat se 35%) ke aasapaas samaapt ho sakatee hai, jaisa ki chart mein dekh sakte hain. Achhi volume aur RSI ka majaboot ulataav is rukh ka samarthan karta hai. Yeh koi vyaapaar ki rai nahin hai. Kripya apna vishleshan khud karein.
NSE:GRANULESLong
by DhandhaPaani
2
Biocon ready to fly; 25% Return; short term investmentHuge potential is there. For short term investment ; Leave a " Like If you agree ".👍 . . Wait for small retracement & daily candle to close above - "355" . . If you are interested in investment now, go for it with proper risk, . . Overall " biocon" fundamentally good stock. . . Enter after market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . Refer over old posted idea attached below.
NSE:BIOCONLong
by TheNuraTrading
6
BIOCON LTD READY FOR A UPSWING (SWING TRADING SETUP)Since last weeks we have seen pharma sector is outperforming and this performance may continue. As per price action biocon ltd Has created a Cup but handle is still remaining. If this stock creates a handle which is highly possible then price can be bullish for few trading sessions. Price should sustain above Trend line then it will be good. For more confirmation wait for the price to come at resistance level and look for RSI above 70. If fails and test previous support then this Overview will be considered as NULL.(Conditions not fulfilled)
NSE:BIOCONLong
by jain_abhishek
Biocon - Monthly - Ascending Channel - Rebound & Breakout - LongBiocon Ltd. (NSE: BIOCON) has been consistently trading within a long-term ascending channel, with the channel Top and Bottom being tested multiple times over the years, as shown in the chart. The Price has again bounced after touching the bottom of the channel and made a breakout from a descending trendline followed by a successful retest. The RSI trajectory is also bullish. Key Points: 1. Ascending Channel: The stock has been moving within a well-defined ascending channel since 2013. The recent price action saw a strong bounce off the lower boundary of the channel, suggesting robust support at this level. 2. Key Support and Resistance Levels: The chart highlights multiple instances where the stock has found support at the bottom of the channel and faced resistance at the top. These levels have been tested several times, reinforcing the reliability of this trend. 3. Relative Strength Index (RSI): The RSI is currently at 64.77, trending upwards. This indicates bullish momentum and suggests that the stock could continue its upward movement. The RSI has consistently made higher lows and higher highs, which further supports the bullish outlook. Breakout on Weekly Timeframe The weekly chart shows a breakout from a descending trendline followed by a successful retest, confirming the bullish momentum. The RSI on the weekly timeframe is also in an upward trend, indicating strong momentum. Disclosure: Invested at 338 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions. Please do leave a comment with your views or any additional insights you might have. If you found this analysis helpful, give it a boost and follow me for more in-depth analyses and updates on promising stocks.
NSE:BIOCONLong
by gurinder1988