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!
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.