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BIOCONMARKET OUTLOOKSTOCK OUTLOOK

Biocon Outlook for the Week (August 07, 2023 – August 11, 2023)

Biocon closed the previous week on a negative note losing 3.78%.

Technically, Biocon share price will see immediate support at 249.30 and immediate resistance would be seen at 259.15.

If Biocon share price closes below immediate support of 249.30, then sharp breakdown can be seen. Biocon share price will see major support at 245.05 for the week.

On the positive side, immediate resistance will be seen at 259.15. Closing above 259.15, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 264.75 for the week.

Trading range for Biocon share price for this week should be between 239.45 on down side and 269.00 on up side.

Biocon Previous Week High: 260.5

Biocon Previous Week Low: 250.65

Biocon Previous Week Range: 9.85 Points

Biocon share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 269.00
Resistance 2 264.75
Resistance 1 259.15
Support 1 249.30
Support 2 245.05
Support 3 239.45

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