Biocon has broken from rising trend line with rising volumes. It has closed below 20 Day EMA. It has also formed lower bottom on daily charts.
One can initiate short position around 1070-1080 levels with stop loss of 1090 (closing basis) for target of 980-1020 in next 8-10 days.
One can initiate short position around 1070-1080 levels with stop loss of 1090 (closing basis) for target of 980-1020 in next 8-10 days.