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2025-12-03 10:35:18 am | Source: Religare Broking Ltd
Stock of the day : Biocon Ltd by Target Rs. 418- Religare Broking Ltd
Stock of the day : Biocon Ltd by Target Rs. 418- Religare Broking Ltd

Biocon Ltd

Buy Biocon Ltd CMP 399 Range 398-400 SL 389 Target 418

* BIOCON continues to exhibit robust bullish structure, with price sustaining well above key moving averages and the shorter-term average providing consistent dip support.

* Following a strong impulsive rally, the stock is undergoing a healthy consolidation while maintaining a higher-high & higher-low formation.

* The tight pause near the upper range signals continuation rather than fatigue, reinforced by rising volumes on advances.

* Long positions may be considered near stated zones, anticipating further upside traction.

 

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