BIOCONHello & 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
Biotech
Break of trendline 1.break of strong resistance
2.Formation of three cup pattern
3.Rsi in right position to rally
Min target-820
ROSSARI BIOTECH LTD - Buy Trend This Stock is at the breakout level - Buy at Rs 1000- 1013 with stop loss at 985. Can wait till 1075 First Target. Cup and handle breakout.
Long on CHR BioTechBullish thesis. Nice 50% upside potential until top of the macro channel (blue) respected since 2011 if it starts to trend up and hold
