2025-07-30 10:42:34 am | Source: Religare Broking Ltd
Stock of the day : Biocon Ltd by Target Rs. 422 - Religare Broking Ltd
Biocon Ltd
Buy Biocon Ltd CMP 398.15 Range 396-399 SL 385 Target 422
* Since March 2025, Biocon has demonstrated a consistent recovery after establishing support around the 290–300 level.
* The stock is nearing the upper boundary of its broader consolidation zone, forming a cup and handle pattern.
* Currently positioned just below the neckline, a decisive breakout above this level would validate trend continuation and likely initiate a new bullish phase.
* Investors may consider entering long positions within the mentioned range.
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