One of the best performing company have corrected recently and Daily chart shows prices in touching distance from the lead 2 Gann indicator. probably will price a trade if there is a false breakout downwards and then a rally upwards.
the red line depicts a major fibonacci level which the price had broken recently but failed to gain momentum to go any higher. If there is a break below this line a short term shorting opportunity can show itself.
The earning have taken a toll lately but prices hav never had a good decent correction. pharma index has shot up recently but biocon had been a lagger. as probability of a turnaround in markets looming at all time highs the possibility of biocon correcting further increases. waiting for confirmation now.
