Since Feb 2021, Biocon has tried to BreakOut of the resistance zone (407 - 411), without any success. In the recent past (Sep 2024, Jan 2025 & last week) as well it tried to BreakOut of this zone. Last week there has been a gain of +6.56% as well as HUGE spike in volume suggesting buyers interest in the stock, which could mean that the stock may gain momentum and may breakout of the resistance zone. EMA's are also in a PCO state, suggesting an uptrend.
Next week's price action could provide an insight into the stock's trend.
Next week's price action could provide an insight into the stock's trend.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。