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BIOCONMARKET OUTLOOKSTOCK OUTLOOK

Biocon Outlook for the Week (May 20, 2024 – May 24, 2024)

Biocon
Biocon
Biocon closed the previous week on a negative note losing 8.64%.

Technically, Biocon share price will see immediate support at 292.47 and immediate resistance would be seen at 320.22.

If Biocon share price closes below immediate support of 292.47, then sharp breakdown can be seen. Biocon share price will see major support at 279.08 for the week.

On the positive side, immediate resistance will be seen at 320.22. Closing above 320.22, Biocon share price will see a sharp breakout. Major resistance for Biocon share price will be seen at 334.58 for the week.

Trading range for Biocon share price for this week should be between 264.72 on down side and 347.97 on up side.

Biocon Previous Week High: 321.2

Biocon Previous Week Low: 293.45

Biocon Previous Week Range: 27.75 Points

Biocon share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 347.97
Resistance 2 334.58
Resistance 1 320.22
Support 1 292.47
Support 2 279.08
Support 3 264.72
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