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Published on 2/06/2020 10:13:25 AM | Source: Motilal Oswal Financial Securities Ltd

Buy Biocon Ltd For Target Rs. 410 - Motilal Oswal

Posted in Broking Firm Views - Short Term Report| #Biocon Ltd #Pharma Sector #Trading Report #Motilal Oswal Financial Services Ltd

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* Biocon is moving in a strong uptrend and entered in uncharted territory. Yesterday, it gave a range breakout on weekly chart with healthy volumes, which is a positive sign for the stock. Momentum oscillator RSI is also placed positively on both daily and weekly scale.

* Looking at current structure, we are expecting a bounce towards 410 levels in coming days. Thus, any dip towards 375 shall be used as buying opportunity with stop-loss of 365.

Buy Biocon Ltd @375 – 380 2-3 Days CMP 385  Target 410 SL 365

 

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