* 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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