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BIOCONMARKET OUTLOOKSTOCK OUTLOOK

Biocon Outlook for the Week (May 13, 2024 – May 17, 2024)

Biocon
Biocon
Biocon closed the previous week on a negative note losing 6.44%.

Technically, Biocon share price will see immediate support at 293.37 and immediate resistance would be seen at 313.47.

If Biocon share price closes below immediate support of 293.37, then sharp breakdown can be seen. Biocon share price will see major support at 282.73 for the week.

On the positive side, immediate resistance will be seen at 313.47. Closing above 313.47, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 322.93 for the week.

Trading range for Biocon share price for this week should be between 273.27 on down side and 333.57 on up side.

Biocon Previous Week High: 312.3

Biocon Previous Week Low: 292.2

Biocon Previous Week Range: 20.1 Points

Biocon share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 333.57
Resistance 2 322.93
Resistance 1 313.47
Support 1 293.37
Support 2 282.73
Support 3 273.27
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