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BIOCONMARKET OUTLOOKSTOCK OUTLOOK

Biocon Outlook for the Week (February 12, 2024 – February 16, 2024)

Biocon
Biocon
Biocon closed the previous week on a negative note losing 11.59%.

Technically, Biocon share price will see immediate support at 260.90 and immediate resistance would be seen at 296.50.

If Biocon share price closes below immediate support of 260.90, then sharp breakdown can be seen. Biocon share price will see major support at 248.40 for the week.

On the positive side, immediate resistance will be seen at 296.50. Closing above 296.50, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 319.60 for the week.

Trading range for Biocon share price for this week should be between 225.30 on down side and 332.10 on up side.

Biocon Previous Week High: 307.1

Biocon Previous Week Low: 271.5

Biocon Previous Week Range: 35.6 Points

Biocon share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 332.10
Resistance 2 319.60
Resistance 1 296.50
Support 1 260.90
Support 2 248.40
Support 3 225.30
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