BIOCON
Has been slipping since a level of 300 in May 2019.
The chart looks like consolidating in the past few sessions
Overall structure is still quite weak. It is way below its 200 dma
A short term rally can be expected abv 235 towards 250 and one can keep stops at 222
But positional traders can avoid it for medium term play till a more robust chart structure is evident.
The chart looks like consolidating in the past few sessions
Overall structure is still quite weak. It is way below its 200 dma
A short term rally can be expected abv 235 towards 250 and one can keep stops at 222
But positional traders can avoid it for medium term play till a more robust chart structure is evident.
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