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BIOCON LTD.

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BIOCON trade ideas

Is BIOCON: A pick from Pharma Sector with Turnaround potential ?Investment Logic: It is a leader in Biosimilars. In the past Biocon Biologics had acquired the biosimilars business from Viatris. Now, it has successfully concluded the transition of the acquired biosimilars business from Viatris in 120 countries. Thus market share gain in biosimilars will bring healthy operating cash flow. signed a partnership agreement with Juno Pharmaceuticals in Canada, for the commercialization of Liraglutide, used in the treatment of Type-2 diabetes and obesity. Biocon invested 1 billion USD in the acquisition of Viatris, which led to heavy debt on the books. Management is planning to divest its non-core assets to bring down its net debt by 50%. In the immunology segment, it has 15 products under development in the pipeline, targeting USD100 billion over the next 10 years.
NSE:BIOCONLong
by finvestar
#BIOCON Support & Resistance / 28 Feb 2024Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss. The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide whether to buy or sell at or near the line based on six simple indicators + order book confirmations. If no trade is taken, the chart becomes invalid. I won't go into details about indicators because they are to be interpreted and change depending on the market. For example, an RSI of 40 means different things in a bull, bear, or choppy market. It's all about looking at things relatively; and each trader has their own setup, rules and approach to risk management. Check back after the market closes to see how things went. Sometimes, the price might not touch those lines for a day or more. You have to remain patient. Disclaimer: Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.
NSE:BIOCON
by QUANTECHNICAL
Biocon : Bottomed out Stock#Biocon #Momentumstock #Swingtrade #BreakoutCandidate BIOCON : 200 EMA Breakout Soon >> Momentum Stock >> Bottomed-out Stock >> Good Strength & volumes in stock >> Low Risk High Reward Trade Swing Traders can lock 10% profit & keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:BIOCONLong
by moneyfesttrading
4
BIOCON Ltd.NSE:BIOCON TIME FRAME : WEEKLY CHART PATTERN : DOUBLE BOTTOM About Biocon Ltd. The company is an innovation-led global biopharmaceuticals company committed to enhance affordable access to complex therapies for chronic conditions like diabetes, cancer and autoimmune. It has developed and commercialized novel biologics, biosimilars, and complex small molecule APIs in India and several key global markets as well as generic formulations in the US and Europe. It also has a pipeline of promising novel assets in immunotherapy under development. Sector Healthcare Sector Industry Pharmaceuticals & Drugs Market Cap 34,865.42 Cr.
NSE:BIOCONLong
by NishantNagar