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Biocon


BSE: 532523 | NSE: BIOCON | ISIN: INE376G01013 | SECTOR: PHARMACEUTICALS
ACCUMULATE  AT CMP 465, STOP LOSS - 440, TARGETS - 600 RISK REWARD -1:5


ANALYSIS:  WE ARE BULLISH ON BIOCON, ON MONTHLY CHART PRICES ARE SHOWING STRONG TREND LINE SUPPORT FROM IMMEDIATE BOTTOM LEVEL, FROM THE PAST SEVEN MONTHS PRICES ARE IN CONSOLIDATION AND CURRENTLY NEAR 455/65 LEVEL PRICES HAVE STRONG MULTIPLE SUPPORTS,

WE ARE EXPECTING FROM CURRENT SUPPORT LEVEL PRICES WILL START NEW BULL TREND TO UPSIDE TARGETS, WE ADVICE TO ACCUMULATE BIOCON AT CMP 465 WITH STOP LOSS OF 440 FOR TARGET OF 600.

THE ADX INDICATOR IS IN STRONG BULL STRENTH WHICH IS GOOD SIGN FOR COMING POSITIVE TREND.

{31.07.2014}


BIOCON (SEMI LOG MONTHLY CHART)



























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