Biocon can be long
Biocon has been in corrected since Dec'20 and now its time to start accumulating it. As it looks like correction has completed.
Target 1 = 426
Target 2 = 488
RSI is ~50 and we can see positive momentum coming in soon.
RSI = 70 could also be taken as target bcoz since long time, we have not seen RSI >70 and stock reverse back after this point.
20 and 50 EMA's are supporting price on both Daily and Weekly timeframe.
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
Target 1 = 426
Target 2 = 488
RSI is ~50 and we can see positive momentum coming in soon.
RSI = 70 could also be taken as target bcoz since long time, we have not seen RSI >70 and stock reverse back after this point.
20 and 50 EMA's are supporting price on both Daily and Weekly timeframe.
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
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