Resistance Break: Price has surged to ₹419, breaking above the long‑term resistance zone around ₹419. This level has been tested multiple times historically, making the breakout significant.
Momentum: RSI (14) at 65.1 shows strong bullish momentum, but not yet in overbought territory.
Volume: The breakout is backed by strong volume, confirming buyer conviction.
Trend Context: After prolonged consolidation, Biocon is showing signs of a trend reversal and potential continuation to higher levels.
🎯 Upside Targets (if breakout sustains):
Target 1: ₹440 – immediate extension above breakout
Target 2: ₹470 – prior swing resistance zone
Target 3: ₹500 – psychological round number & measured move projection
🛡️ Stop Loss:
Conservative: Below ₹400 (recent support zone)
Aggressive: Below ₹385 (structural support from prior base)
Momentum: RSI (14) at 65.1 shows strong bullish momentum, but not yet in overbought territory.
Volume: The breakout is backed by strong volume, confirming buyer conviction.
Trend Context: After prolonged consolidation, Biocon is showing signs of a trend reversal and potential continuation to higher levels.
🎯 Upside Targets (if breakout sustains):
Target 1: ₹440 – immediate extension above breakout
Target 2: ₹470 – prior swing resistance zone
Target 3: ₹500 – psychological round number & measured move projection
🛡️ Stop Loss:
Conservative: Below ₹400 (recent support zone)
Aggressive: Below ₹385 (structural support from prior base)
İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.