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BIOCONMARKET OUTLOOKSTOCK OUTLOOK

Biocon Outlook for the Week (January 15, 2024 – January 19, 2024)

Biocon
Biocon
Biocon closed the previous week on a negative note losing 8.22%.

Technically, Biocon share price will see immediate support at 264.47 and immediate resistance would be seen at 288.57.

If Biocon share price closes below immediate support of 264.47, then sharp breakdown can be seen. Biocon share price will see major support at 254.73 for the week.

On the positive side, immediate resistance will be seen at 288.57. Closing above 288.57, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 302.93 for the week.

Trading range for Biocon share price for this week should be between 240.37 on down side and 312.67 on up side.

Biocon Previous Week High: 293.2

Biocon Previous Week Low: 269.1

Biocon Previous Week Range: 24.1 Points

Biocon share price support and resistance for the week (January 15, 2024 – January 19, 2024)

Level Type Value
Resistance 3 312.67
Resistance 2 302.93
Resistance 1 288.57
Support 1 264.47
Support 2 254.73
Support 3 240.37
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{"buy_point":[{"en_ltd":"2023-12-26","en_sup_p_91":"250.04","en_sup_t_91":"243.36","prev_close":"246.30","en_close":"250.65","new_date":"Dec 26","prev_close_no":246}],"sell_point":[{"en_ltd":"2024-01-12","en_sup_p_91":"277.44","en_sup_t_91":"285.54","prev_close":"282.10","en_close":"274.20","new_date":"Jan 12","prev_close_no":282},{"en_ltd":"2023-12-20","en_sup_p_91":"247.38","en_sup_t_91":"255.26","prev_close":"252.35","en_close":"242.60","new_date":"Dec 20","prev_close_no":252}]}

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