Biocon Technical Update (Daily Timeframe)
Biocon is holding a strong support zone around ₹330–340, which is being respected across multiple timeframe structures. Within the stock, a smaller parallel channel is forming, whose support also aligns with the ₹330–340 range.
The mid-boundary of this short-term channel is near ₹375, while the upper boundary sits around ₹400–410, which may act as short-term and long-term resistance levels.
If the support zone continues to hold, Biocon may witness upside momentum in the coming sessions.
Thank you!
Biocon is holding a strong support zone around ₹330–340, which is being respected across multiple timeframe structures. Within the stock, a smaller parallel channel is forming, whose support also aligns with the ₹330–340 range.
The mid-boundary of this short-term channel is near ₹375, while the upper boundary sits around ₹400–410, which may act as short-term and long-term resistance levels.
If the support zone continues to hold, Biocon may witness upside momentum in the coming sessions.
Thank you!
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.