Technical Trading Idea : Biocon Ltd Target Rs.404 By Motilal Oswal Wealth Management

Biocon Ltd
Buy Biocon Ltd CMP 379 SL 366 TARGET 404 DURATION Weekly
* Retesting its breakout from an “Ascending Triangle” pattern.
* Respecting 20 DEMA support zones.
* Higher than average traded volumes.
* RSI momentum indicator rising.
* We recommend to buy the stock at CMP Rs.379 with a SL of Rs.366 and a TGT of Rs.404.
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