- Biocon (270) February Stock futures has strength to move up from current levels
- Buy positions can be taken around 260-265 with a stop loss of 245
- Once Biocon sustains above 260 for a week time it can reach 320 before february expiry
Biocon Stock View :
- The third quarter results are poor.
- Biocon (265) is consolidating from few weeks around 250-290 levels
- The stock has witnessed a discount in price according to it's results already.This alone can't turn stock in buying mode.
- According to few key technical's stock can hold lower levels and eventually touch 320 initially
- Above 320 stock turns bullish and holding above 320 can take stock to 400 + levels
- Downside buying support emerges at 240 and 190 level.Around these levels long term investment can be considered.But now Buy it for 3-6 months prospective
Best to your Investment & Trading
Disclaimer : No positions in above stocks
