Biocon is looking positive with potential of +10% upside

The price is range bound from past 3 months and chart structure is quiet positive for upside movement of 10%.

If stock move for long pending gap filling, expect a further addition of 10-15% return.

The entry will be above Rs 386 with target of Rs 420 and stop loss as per risk reward appetite

Key Points : Range bound consolidation of price, moving average, RSI , volume

Thanks

Trading ditutup: target tercapai:

Price touched the high of Rs 410 !!